Hey everyone!🙋 Yesterday, I introduced an opportunity to potentially earn $100 or more each month, depending on your staking amount. Here’s a breakdown to clear up any confusion:
🔺- Binance Earn offers various products with dynamic APRs, meaning the annual percentage rate can vary.
🔺- APR (Annual Percentage Rate) reflects the yearly interest, not monthly.
🔺- You earn rewards daily, so you don't have to wait a year to see returns.
🔺- Rewards are based on the APR.
🔺- Flexible staking allows for withdrawal anytime.
🔺- APR is different from APY (Annual Percentage Yield), where earnings are reinvested for additional returns.
🌐 To calculate daily earnings (using FDUSD with an 11.57% APR as an example):
🔺- For a $20,000 stake: $20,000 x 0.1157 = $2,314 (annual reward)
🔺- Daily reward: $2,314 / 365 = $6.34
🔺- Monthly reward: $6.34 x 30 = $190.20
🏮 Compare this with the automatic calculation in the attached image. This calculation applies to any staked amount, though minor variations may occur due to APR changes and early rewards.
📢 Your generous tips ❤️ help us explore more opportunities.
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