Earlier I was only looking at the APY number 😅
I saw a good percentage—and the first thought was: “Oh, not bad.”
But then I realized a simple thing: that number alone tells you nothing. You need to look at the conditions under which I’m getting it.
On Binance Earn, there can be different products, and they differ in terms of conditions, duration, and risk level. So before I place anything, I would first check whether I can withdraw the asset at the time I need, how the reward is calculated, and what could go wrong.
Because sometimes what draws the most attention is exactly that percentage, while the tiny text underneath nobody reads.
Now I’m trying to understand the terms first, and only then look at the number.
And when you see a high APY—do you first look at the terms, or do you immediately think “oh, I want that”? 😅
#Binance #BinanceEarn $ETH
I saw a good percentage—and the first thought was: “Oh, not bad.”
But then I realized a simple thing: that number alone tells you nothing. You need to look at the conditions under which I’m getting it.
On Binance Earn, there can be different products, and they differ in terms of conditions, duration, and risk level. So before I place anything, I would first check whether I can withdraw the asset at the time I need, how the reward is calculated, and what could go wrong.
Because sometimes what draws the most attention is exactly that percentage, while the tiny text underneath nobody reads.
Now I’m trying to understand the terms first, and only then look at the number.
And when you see a high APY—do you first look at the terms, or do you immediately think “oh, I want that”? 😅
#Binance #BinanceEarn $ETH