This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is pleased to announce the addition of Wrapped Beacon ETH (WBETH) on Simple Earn Flexible Products. Users may now complete subscriptions to WBETH Flexible Products to enjoy Real-Time APR rewards on top of ETH Staking rewards.
Real-Time APR Reward Payout: 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 Note:
Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
Binance may occasionally offer Bonus Tiered APR rewards on selected Flexible Products via a tiered rate structure. Please refer to the FAQ for more details.
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.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-02-06
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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.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.
