hello everyone ๐
๐ "Discover How to Generate $100-1000 in Monthly Passive Income:
A Guide to Calculating Your Daily Earnings (APR) ๐ฐ
Hi everyone!
Yesterday, I introduced an exciting opportunity for earning potential ranging from $100 or more, depending on your staking capacity.
๐ Let me provide further clarification as some of my followers were confused by the terms used in the content.
๐บโข Binance Earn offers varying APRs for its products, meaning the rates can fluctuate.
๐บโข APR represents the annual percentage rate, indicating the percentage earned per year, not monthly.
๐บโข Your rewards accrue daily, eliminating the need to wait for a full year to receive them.
๐บโข Rewards are calculated based on the APR.
๐บโข This involves flexible staking, allowing you to unstake at any time.
๐บโข APR differs slightly from APY (annual percentage yield), where earnings are reinvested automatically to generate more rewards until redemption.
๐ How to Calculate Your Daily Earnings (APR Calculation Method)
Let's take FDUSD as an example. Binance Earn offers an APR of 11.57%.
Suppose you stake $20,000 in FDUSD. Your daily earnings would be:
$20,000x0.1157 = $2,314 APR (annual reward)๐
2,314/365 days = $6.339 (daily reward)
6.339x30 = $190.1 (monthly reward)
๐ฎ Cross-check with the automatic calculation provided in the attached image.
This method applies regardless of the staked amount.๐ต๐ต
Note: There may be slight variations due to changes in APR and early reward earnings.๐
๐ข Remember:
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