This is a general announcement. The products and services mentioned here may not be available in your area.
Dear members of the Binance community!
Binance Simple Earn has launched fixed USDT products that provide a fixed rate for your deposits. Sign up for Simple Earn's fixed USDT products today and earn 8.23% in APR rewards.
Featured Products (Fixed Products)
Mechanism for fixed USDT products
Subscription format: on a first-come, first-serve basis. The limited period of validity is fourteen days.
APR: The fixed rate will remain the same throughout the term of the Simple Earn fixed product. Available APR changes will only apply to your new USDT Fixed Product subscriptions, not your existing subscriptions.
Rewards calculation period: from 00:00 (UTC) the day after subscription for fixed products until the end of the subscription period.
Reward Distribution: Distributed to spot wallet daily.
Early Redemption: Users may redeem locked assets early, but all rewards received will be voided. The full balance of locked assets minus the rewards distributed during the term will be returned to users' spot wallet within 48-72 hours.
How to get started with fixed USDT products
Go to [Simple Earn] and search for USDT.
Choose 14 days and subscribe to USDT Fixed Products to start earning 8.23% APR!
About Binance Simple Earn:
Binance Simple Earn allows users to earn rewards by depositing their digital assets for indefinite or fixed terms. Users can subscribe to Simple Earn assets or redeem them at almost any time, thus maintaining flexibility and liquidity of their assets while receiving rewards.
Please note:
Binance reserves the right to adjust the APR at any time without prior notice. Before using products on the Binance Simple Earn platform, please read the Binance Simple Earn terms and conditions.
Binance Simple Earn will redeem digital assets/digital currencies locked in Simple Earn Fixed Products and transfer them to Simple Earn Perpetual Products at the end of the agreed subscription period.
Users can view their Fixed Product subscriptions by going to Wallet > Earn > Simple Earn > Fixed.
Assets you have deposited into Simple Earn products can be loaned to other Binance users (for example, in margin products and crypto loan products).
Due to the large number of redemption requests, it may be temporarily delayed. Redemption may resume after liquidity returns.
There may be discrepancies in the English translation of this original article. Please refer to the original English version for the latest or most accurate information in case of inconsistencies.
Thank you for your support!
Binance command
23.05.2024
