📢 Earn $100-$1000 Monthly Passive Income: Understanding Daily Rewards (APR) 💰
Hello everyone!🙋 Yesterday, I shared a great opportunity to earn up to $100 or more, depending on your staking amount. Here’s a clearer explanation to address any confusion:
🔺 **Binance Earn**: Offers dynamic APR for various products, meaning the APR can change.
🔺 **APR (Annual Percentage Rate)**: This is the yearly interest rate, not a monthly one.
🔺 **Daily Rewards**: You earn rewards daily, so there’s no need to wait a whole year.
🔺 **Reward Calculation**: Rewards are based on the APR.
🔺 **Flexible Staking**: Allows you to unstake anytime.
🔺 **Difference from APY (Annual Percentage Yield)**: APY includes reinvested earnings to generate more rewards until redeemed.
🌐 **Calculating Daily Earnings (APR)**
Using FDUSD as an example, Binance Earn offers an 11.57% APR. If you stake $20,000 in FDUSD:
🔺 $20,000 x 0.1157 = $2,314 APR (one-year reward)
🔺 $2,314 / 365 days = $6.34 (daily reward)
🔺 $6.34 x 30 = $190.2 (monthly reward)
🏮 Compare this with the automatic calculation in the attached image.
This method applies regardless of the amount staked. Note that slight changes may occur due to APR fluctuations and early rewards.
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