๐ฃ Has binance published something official about the ongoing reduction of APR in fixed staking (simple earn) products? โ๏ธ
I would like to understand the reasoning behind it and know what APR I can expect in the next time for my simple earn products.
The most distinct reduction for me is for $BNB . Until April APR was about 3,5%.
Now, after steady reduction, it's only at 0,34%.
Other rewards that decreased for me is SOL, from 8,5% to 5,6%, ATOM from 15% to 13% (and I think this will be lowered even more soon), APT, RAY (don't know the specific values for these).
For BNB the airdrops and launchpools are a very welcome (over)compensation for the reduced APR. But for the other named tokens it's simply less attractive for me to hold it in simple earn now.
๐ค What is your experience with it? Have your simple earn products seen similar developments? Tell me your insights please!
