Fellow Binancians,
Binance has launched a high-yield offer for AXS on both Locked and Flexible Savings, helping users to earn up to 50% APY.
The APY of AXS Flexible Savings will be adjusted according to the following Tiered APY Structure:
Previous Structure | New Tiered APY Structure (Holding amount, APY) | |||
Currency | APY | Tier 1 | Tier 2 | Tier 3 |
AXS | 3% | 0-5 AXS | 5 AXS < Amount ≤ 20 AXS | > 20 AXS |
20% | 2% | 1% | ||
- Subscription Format: First-come, first-served basis.
- Subscription Period: From 2022-03-02 00:00 AM (UTC)
- Interest Calculation Period: 2022-03-03 00:00 AM (UTC) to the end of the corresponding product period.
| Digital Asset | Term to Maturity | Total Cap | Individual Cap | Annualized Interest Rate | Lot Size | Interest Per Lot at Maturity |
| AXS | 15 days | 3,000,000 AXS | 5,000 AXS | 50% | 1 AXS | 0.0205 AXS |
Notes:
- Users can transfer part or all of their funds from Locked Savings to Flexible Savings before the lock period ends, but the funds transferred out will not generate interest from Locked Saving.
- Subscriptions will close on the product once the maximum limit is reached.
- Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management.
- Please refer to Binance Terms of Use prior to using any products on the Binance Savings platform.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Thanks for your support!
Binance Team
2022-03-02
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.