This is a general announcement. The products and services mentioned may not be available in your region.

Hello Binancian:

Binance Simple Earn added Pyth Network (PYTH) in Locked products. Subscribe PYTH to Simple Earn Locked products during the promotional period to earn up to 6.9%* in APR rewards.

Mechanism for Blocked PYTH Products

  • Promotion Period: Subscriptions must be made between April 29, 2024 10:00 (UTC) and October 29, 2024 09:59 (UTC) to count as eligible.

  • Subscription format*: first come, first served. Minimum subscription amount, maximum subscription limits, and duration requirements apply and will affect the amount of APR rewards each user will receive. Please see the table below and the notes of this listing for more details.

  • Rewards calculation period: from 00:00 (UTC) on the day after completing an eligible subscription to Blocked products until the end of the subscription period.

  • Reward distribution: daily.

Products offered (Blocked products)

digital asset

Duration

APR during promotion period

Minimum subscription limit per user

Maximum subscription limit per user

PYTH

30 days

2.9%

1 PYTH

70,000 PYTH

60 days

3.9%

1 PYTH

50,000 PYTH

90 days

6.9%

1 PYTH

20,000 PYTH

How to start using PYTH Locked products

  1. Go to [Earn] and search for PYTH.

  2. Select the Duration and subscribe to PYTH to start earning up to 6.9% APR daily.

Subscribe now!

Please note the following:

  • Binance reserves the right to change the APR rates at any time after the promotion period without prior notice. Please refer to Binance Simple Earn Terms and Conditions before using any product on the Binance Simple Earn platform.

  • Binance Simple Earn will redeem assets or digital currencies subscribed to Simple Earn Locked products for Simple Earn Flexible products at the end of the agreed subscription period. The value of digital assets/currencies fluctuates and is subject to change.

  • Users can view their subscriptions to Blocked products from Wallets > Earn > Simple Earn > Blocked.

  • Users can activate the “Auto-Subscribe” feature before completing subscriptions to Locked products, which will automatically renew their current Locked product positions for a new position of the same duration once the previous position expires.

  • Unlock period for Blocked products one day.

  • Frequently asked questions about Blocked products.

  • About early redemption for Simple Earn Locked products: Users can request early redemption of their assets. After choosing this option, digital assets will be returned to the Spot account, and users will not be entitled to receive any rewards (accumulated or otherwise). Rewards distributed will be deducted from the refunded capital. It may take 48 to 72 hours to receive digital assets into users' Spot accounts.

  • There may be discrepancies between the translated version and the original English version. If they exist, consult the original version for the most recent or most accurate information.

Thanks for your support!

The Binance Team

29/4/2024