Where does Binance Earn get the money for rewards? 👀
An interesting question that not many people ask.
For Simple Earn, Binance states that daily rewards are paid out from Binance’s own funds and depend on the assessment of current market conditions.
At the same time, the assets users deposit into Simple Earn may be used by various Binance divisions, including for certain lending operations.
So, APR isn’t “magic interest from thin air.” The rewards are based on a specific product operating model.
That’s why you should always look not only at APR, but also at the product terms.
#Binance #BinanceEarn #SimpleEarn #Crypto #Earn
An interesting question that not many people ask.
For Simple Earn, Binance states that daily rewards are paid out from Binance’s own funds and depend on the assessment of current market conditions.
At the same time, the assets users deposit into Simple Earn may be used by various Binance divisions, including for certain lending operations.
So, APR isn’t “magic interest from thin air.” The rewards are based on a specific product operating model.
That’s why you should always look not only at APR, but also at the product terms.
#Binance #BinanceEarn #SimpleEarn #Crypto #Earn
