What is Binance Earn?
Binance Earn is a platform that combines various passive investment strategies for users to earn interest on their cryptocurrencies. This includes everything from flexible savings products to long-term staking.
Types of products in Binance Earn
1. Flexible Savings
- Allows you to deposit cryptocurrencies and withdraw them at any time.
- Interest rates are lower, but it is ideal for those who need liquidity.
2. Locked Savings
- Offers higher interest rates than flexible savings.
- You must lock your funds for a specified period (7, 30, 60, or 90 days).
3. Locked Staking
- Similar to locked savings, but focused on cryptocurrencies that use proof of stake (PoS) consensus.
- You can earn rewards for helping to maintain the blockchain network.
4. Flexible Staking (DeFi Staking)
- Your funds participate in decentralized finance (DeFi) protocols.
- Generally offers higher rates, but can be riskier.
5. Liquid Swap
- You provide liquidity to a pool and earn rewards from transaction fees.
- Ideal for users who understand how decentralized exchanges (DEX) work.
6. Auto-Investment
- An automated option that allows you to invest periodically in Binance Earn products.
- Ideal for users looking for a long-term strategy.
