This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is adding dYdX (DYDX) on Locked Products. Complete subscriptions to DYDX Locked Products from 2024-05-28 10:00 (UTC) to start earning rewards.
Subscription Format*: First-come, first-served basis. Minimum subscription amount, maximum subscription limits, and duration requirements apply, and will impact the amount of APR rewards users receive. Refer to the table below and the notes in this announcement for more details.
Reward Calculation Period: From 00:00 (UTC) on the day after an eligible subscription to Locked Products is completed, until the end of the subscription period.
Rewards Distribution: On a daily basis.
Head to [Earn], and search for DYDX.
Select Duration, and subscribe with DYDX to start earning up to 14.9% APR daily!
Please note:
Changes to the Simple Earn Rewards Rate will be published on the Platform from time to time. Please refer to Binance Simple Earn Terms & Conditions and the Risk Warning for more information and prior to using Simple Earn.
Users may view their Locked Products subscriptions by going to Wallets > Earn > Simple Earn > Locked.
Unlock period for Locked Products: One day.
About early redemption for Simple Earn Locked Products: Users may redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and users will not be entitled to any rewards (accrued or otherwise). Any distributed rewards will be deducted from the refunded principal. It will take no longer than 72 hours after the end of the Locked Simple Earn Term to receive the digital assets back into users’ spot accounts.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-05-28
Note: This announcement was updated on 2024-08-19 to clarify the conditions for Simple Earn Rewards Rate, unlock period for Locked Products and early redemption for Simple Earn Locked Products.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. For selected staking products, Binance takes on all slashing risk. This means that the same amount of Digital Assets staked will be returned to you, even if they are slashed. Not financial advice. For more information, see our Terms of Use and Risk Warning.
