Binance Offers Up to 7% APR on USDC Flexible Products in Limited-Time Promotion

Binance
has
announced
a
limited-time
promotion
for
its
USDC
Simple
Earn
Flexible
Products,
offering
users
the
opportunity
to
earn
up
to
7%
APR
rewards.
The
promotion
is
set
to
run
from
July
2,
2024,
to
July
15,
2024,
according
to
Binance.

Promotion
Details

During
the
promotion
period,
users
who
subscribe
to
USDC
Simple
Earn
Flexible
Products
can
benefit
from
an
exclusive
Bonus
Tiered
APR
of
4%
on
top
of
the
Real-Time
APR,
which
is
approximately
3%.
This
combination
allows
participants
to
potentially
earn
a
total
of
7%
APR.

The
subscription
process
operates
on
a
first-come,
first-served
basis.
To
qualify
for
the
rewards,
users
must
complete
their
subscription
within
the
specified
promotion
period.

Reward
Distribution

The
Bonus
Tiered
APR
rewards
will
begin
accruing
the
day
after
the
subscription
is
completed,
starting
from
00:00
(UTC).
These
rewards
will
be
distributed
the
following
day
between
00:00
(UTC)
and
08:00
(UTC)
to
the
user’s
Spot
Wallet.
Users
holding
open
positions
for
USDC
Flexible
Products
during
the
promotion
will
receive
both
Real-Time
APR
and
Bonus
Tiered
APR
rewards.

Once
the
promotion
ends,
users
will
only
be
entitled
to
Real-Time
APR
rewards.
The
Bonus
Tiered
APR
rewards
are
calculated
based
on
the
subscribed
amounts
and
are
subject
to
the
respective
tier
limit
for
each
token.

Terms
and
Conditions

Participants
are
advised
to
refer
to
the

Binance
Simple
Earn
Terms
&
Conditions
before
using
any
products
on
the
platform.
Additionally,
users
can
view
their
Flexible
Products
assets
by
navigating
to
Wallets
>
Earn
>
Simple
Earn
>
Flexible.

The
redemption
time
for
Flexible
Products
subscriptions
is
instant.
Binance
reserves
the
right
to
disqualify
any
participants
it
deems
to
be
acting
fraudulently
or
not
in
accordance
with
the
applicable
terms
and
conditions.
Furthermore,
Binance
holds
the
right
to
cancel
or
amend
the
promotion
or
its
rules
at
its
sole
discretion.

For
more
detailed
information,
users
can
access
the

official
announcement
on
Binance’s
website.

Disclaimer

Binance
has
issued
a
disclaimer
noting
that
digital
asset
prices
can
be
volatile,
and
the
value
of
investments
may
fluctuate.
The
APR
is
an
estimate
of
rewards
that
users
will
earn
in
cryptocurrency
over
the
selected
timeframe
and
does
not
reflect
actual
or
predicted
returns
in
fiat
currency.
The
APR
is
adjusted
daily,
and
the
estimated
rewards
may
differ
from
the
actual
rewards
generated.
Users
are
solely
responsible
for
their
investment
decisions,
and
Binance
is
not
liable
for
any
losses
incurred.

Image
source:
Shutterstock