APR on Binance Earn: why a bigger number doesn’t always mean a better option
When you look at offers in Binance Simple Earn, it’s easy to just pick the option with the highest APR. But I’d check the terms first, not the figure.
With Flexible, the main advantage is flexibility: you can redeem assets when you need them. Rewards are accrued in the Earn Account, and the Real-Time APR may change.
With Locked, assets are placed for a specific period. The APR might be more attractive, but it’s important to check whether the rate is Variable or Fixed. With Variable, it can change even during the term, while Fixed is locked for a specific subscription.
There’s also a detail that’s easy to miss: if you redeem a Locked product early, the accrued rewards are forfeited, and any rewards already paid out may be deducted from the returned amount. Returning the assets can take up to 72 hours.
So before choosing, I’d check four things: APR → type of rate → term → early redemption conditions.
And only then would I compare profitability. A high APR doesn’t help much if the terms don’t match how you plan to use the asset.
#BinanceEarn
When you look at offers in Binance Simple Earn, it’s easy to just pick the option with the highest APR. But I’d check the terms first, not the figure.
With Flexible, the main advantage is flexibility: you can redeem assets when you need them. Rewards are accrued in the Earn Account, and the Real-Time APR may change.
With Locked, assets are placed for a specific period. The APR might be more attractive, but it’s important to check whether the rate is Variable or Fixed. With Variable, it can change even during the term, while Fixed is locked for a specific subscription.
There’s also a detail that’s easy to miss: if you redeem a Locked product early, the accrued rewards are forfeited, and any rewards already paid out may be deducted from the returned amount. Returning the assets can take up to 72 hours.
So before choosing, I’d check four things: APR → type of rate → term → early redemption conditions.
And only then would I compare profitability. A high APR doesn’t help much if the terms don’t match how you plan to use the asset.
#BinanceEarn