𤯠The yield in Binance Earn looks attractive, but before putting your assets into any product, itās worth understanding what risks lie behind it.
Yield is not guaranteed forever. Product terms can change depending on market conditions and demandāwhat you see now doesnāt necessarily stay the same after some time.
Fixed products limit access to funds. If you choose a product with a lock-up period, make sure in advance that you definitely wonāt need this amount earlierāearly withdrawal may be impossible or may come with additional conditions.
The risk of the asset itself doesnāt go away. If you put a volatile cryptocurrency into the product, its price can still change while the asset is āworkingā in Earnāthe productās yield does not protect you from the assetās value dropping.
Different productsādifferent terms. Before you start, read the terms of the specific product youāre choosing carefully, not just rely on the yield number from the homepage.
I recommend that before you start, you honestly assess how comfortable youāll be with the limitations of that particular productānot only with its yield.
#earn
Yield is not guaranteed forever. Product terms can change depending on market conditions and demandāwhat you see now doesnāt necessarily stay the same after some time.
Fixed products limit access to funds. If you choose a product with a lock-up period, make sure in advance that you definitely wonāt need this amount earlierāearly withdrawal may be impossible or may come with additional conditions.
The risk of the asset itself doesnāt go away. If you put a volatile cryptocurrency into the product, its price can still change while the asset is āworkingā in Earnāthe productās yield does not protect you from the assetās value dropping.
Different productsādifferent terms. Before you start, read the terms of the specific product youāre choosing carefully, not just rely on the yield number from the homepage.
I recommend that before you start, you honestly assess how comfortable youāll be with the limitations of that particular productānot only with its yield.
#earn
