Binance Introduces High-Yield Simple Earn Products with FDUSD and EURI
In a recent announcement, Binance has unveiled a new round of Simple Earn Stablecoins Specials, providing users with an opportunity to earn significant annual percentage rates (APR) on their investments. According to Binance, users can enjoy up to 16.2% APR with FDUSD Fixed Rate Locked Products and 7% APR with EURI Flexible Products.
Simple Earn Promotion Details
The promotion, which runs from November 20, 2024, to December 3, 2024, encourages users to subscribe to these products on a first-come, first-served basis. The rewards distribution is structured to provide Real-Time APR, which is accrued and accumulated in users' Earn Wallets every minute, and Bonus Tiered APR, distributed to users’ Spot Wallets daily.
How to Participate
Participants can start by purchasing FDUSD or EURI on Binance's Spot market or the Buy Crypto page. Once acquired, users should navigate to the Simple Earn section and select either FDUSD Locked Products for a 16.2% APR or EURI Flexible Products for a 7% Bonus Tiered APR. The subscription can be adjusted for flexible or locked terms, allowing users to maintain liquidity while earning daily rewards.
Understanding Binance Simple Earn
Binance Simple Earn allows users to deposit digital assets to earn daily returns, with the flexibility to subscribe or redeem assets almost anytime. It is crucial to note that the APR rewards come from Binance's own funds, evaluated based on current market conditions. The promotion is not associated with the issuers of FDUSD or EURI.
While the Fixed Rate Locked Products maintain a constant APR throughout the subscription period, any changes to the APR will only affect new subscriptions. Early redemption of locked assets is possible, but all accrued rewards will be forfeited.
Additional Considerations
Binance has emphasized the importance of reviewing the Simple Earn Terms & Conditions and Risk Warning before participating. Users should also be aware that the assets deposited may be loaned to other Binance users as part of the platform's operations.
As the cryptocurrency market is known for its volatility, potential investors are reminded to exercise caution and conduct thorough research before engaging in these financial products.