To better serve the users and provide the users with more choices, Binance Staking and Binance Savings will launch TKO products on 2021-05-18 at 12:00 PM (UTC) with an annualized rate of up to 36.49%.
Flexible Savings Product (Flexible Savings)
- TKO: Standard Annualized Interest Rate of 4.27%
Locked Staking Products ( Locked Staking)
|Digital Assets||Duration||Max. Single Locked Staking Limit||Standard Annualized Interest Rate||Min. Locked Staking Limit|
- Locked Staking Format: First-come, first-served basis.
- Interest Calculation Period: From 0:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
- Interest Payout Time: On a daily basis.
- Users can view their Locked Staking assets by going to Wallets > Savings > Locked Staking.
- The APY is adjusted daily based on the on-chain staking rewards. The specific APY is subject to the page display on the day.
- The unlock period for Locked Staking products is 1 day.
- Locked Staking FAQ
- FAQ for Flexible Savings Products
- About early redemption: Users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make the best efforts to choose high-quality coins, but will not be responsible for your trading losses.
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.