This is a general announcement. Products and services referred to here may not be available in your region.
Binance Simple Earn is excited to launch a promotion for FDUSD on Simple Earn Flexible Products! Complete subscriptions to FDUSD on Simple Earn Flexible Products during the Promotion Period to enjoy an exclusive Bonus Tiered APR of up to 10% on top of Real-Time APR rewards (i.e., up to 5%).
Promotion Period: 2023-12-01 00:00 (UTC) to 2023-12-20 23:59 (UTC)
Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
Bonus Tiered APR: Distributed to users’ Spot Wallets on a daily basis.
Real-Time APR: Accrued and directly accumulated in users’ Earn Wallets every minute.
Offered Products (Flexible Products)
About Simple Earn Flexible Products:
Users may subscribe to a flexible-term product of their choice on the Binance Simple Earn platform at any time to receive real time rewards. By holding a Simple Earn Flexible Products position, users may earn Real Time APR rewards and Bonus-Tiered APR rewards, where applicable. Assets subscribed to Simple Earn Flexible Products can also be used as collateral for Binance Loans (Flexible Rate).
Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
Bonus Tiered APR is offered as an additional reward on top of Real-Time APR. Upon subscription, Bonus Tiered APR rewards start to accrue the next day starting from 00:00 (UTC). Rewards will start to be distributed the following day after accrual starts between 00:00 (UTC) and 08:00 (UTC) to the user’s Spot Wallet.
All users who hold open positions for FDUSD Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the Promotion Period. Once the promotion ends, users will be entitled to Real-Time APR rewards only.
Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to the respective tier limit for each token. Please refer to the FAQ for more details.
Real-Time APR and Bonus Tiered APR rewards are distributed from Binance’s own funds, and are determined based on the assessment and evaluation of prevailing market conditions. This promotion is not associated with the issuer of FDUSD in any manner.
Users can view their Flexible Products assets by going to Wallets > Earn > Simple Earn > Flexible.
Users can enable the “Auto-Subscribe” function before completing subscriptions to Flexible Products, which allows users to automatically subscribe to the corresponding Flexible Products using the same asset from the Spot Wallet.
Redemption time for Flexible Products subscriptions: Instant.
Daily redemption limits apply to each Flexible Product and are subject to change at any time. The availability of redemptions or delays in fulfillment of redemption requests may be a result of various factors, including but not limited to extreme market volatility, network delays, a significant number of simultaneous instructions to redeem from other Binance users, and any other unanticipated events.
Binance reserves the right to disqualify any participants that, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
Additional promotion terms and conditions can be accessed here.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
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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.