Fellow Binancians,
Binance has added CAKE and USDT to the list of supported assets on Savings, a value-added service to Binance users who hold idle digital assets.
Details below:
| Previous Structure | Savings Tier APY Structure (Holding amount, APY) | ||
| Currency | APY | Tier 1 | Tier 2 |
| CAKE | 5% | 0 - 50 CAKE 12% | > 50 CAKE 2% |
- Subscription Format: First-come, first-served basis.
- Subscription Period: From 2021-11-10 (UTC)
- Interest Calculation Period: 2021-11-11 00:00 AM (UTC) to the end of the corresponding product period.
| Digital Asset | Term to Maturity | Total Cap | Individual Cap | Annualized Interest Rate | Lot Size | Interest Per Lot at Maturity |
| USDT | 30 days | 200,000,000 USDT | 10,000 USDT | 6% | 100 USDT | 0.4932 USDT |
| USDT | 60 days | 200,000,000 USDT | 20,000 USDT | 9% | 100 USDT | 1.4795 USDT |
Note：
- Subscriptions will close on the product once the maximum limit is reached.
- APY for Flexible Products is subject to change on a daily basis.
- Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management.
- Please refer to Binance Terms of Use prior to using any products on the Binance Savings platform.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Thanks for your support!
Binance Team
2021-11-10
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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.