Binance Introduces FDUSD Flexible Products with Up to 11.5% APR Rewards

Binance,
a
leading
cryptocurrency
exchange,
has
launched
a
new
promotional
offer
for
its
FDUSD
Simple
Earn
Flexible
Products.
According
to
binance.com,
eligible
users
can
enjoy
an
exclusive
Bonus
Tiered
Annual
Percentage
Rate
(APR)
of
10.5%
on
top
of
Real-Time
APR
rewards,
bringing
the
total
potential
APR
to
11.5%.

Promotion
Details

The
promotion
period
will
run
from
July
26,
2024
(00:00
UTC)
to
August
8,
2024
(23:59
UTC).
During
this
period,
users
who
subscribe
to
the
FDUSD
Simple
Earn
Flexible
Products
on
a
first-come,
first-served
basis
can
benefit
from
the
enhanced
APR
rewards.

Subscription
and
Rewards

Subscribers
will
start
accruing
Bonus
Tiered
APR
rewards
the
day
after
their
subscription,
starting
from
00:00
UTC.
These
rewards
will
be
distributed
daily
between
00:00
UTC
and
08:00
UTC
to
the
user’s
Spot
Wallet.
All
users
holding
open
positions
in
FDUSD
Flexible
Products
will
receive
both
Real-Time
APR
and
Bonus
Tiered
APR
rewards
during
the
promotion
period.

Once
the
promotion
ends,
only
Real-Time
APR
rewards
will
continue.
The
Bonus
Tiered
APR
rewards
are
calculated
based
on
the
subscribed
amounts
and
are
subject
to
specific
tier
limits.
Users
can
view
their
Flexible
Products
assets
in
their
Binance
wallets
under
the ‘Earn’
section.

Terms
and
Conditions

Binance
has
outlined
several
terms
and
conditions
for
the
promotion:

• Bonus
  Tiered
  APR
  rewards
  start
  accruing
  the
  day
  after
  subscription.
• Rewards
  are
  distributed
  daily
  to
  the
  user’s
  Spot
  Wallet.
• Real-Time
  APR
  and
  Bonus
  Tiered
  APR
  rewards
  are
  funded
  by
  Binance’s
  own
  resources
  and
  are
  not
  affiliated
  with
  the
  issuer
  of
  FDUSD.
• Redemption
  for
  Flexible
  Products
  subscriptions
  is
  instant,
  though
  daily
  redemption
  limits
  apply
  and
  may
  be
  subject
  to
  change.
• Binance
  reserves
  the
  right
  to
  disqualify
  participants
  who
  tamper
  with
  the
  system
  or
  act
  fraudulently.
• Binance
  may
  cancel
  or
  amend
  the
  promotion
  at
  its
  discretion.

Additional
Information

Users
are
advised
to
refer
to
the

Binance
Simple
Earn
Terms
&
Conditions
before
participating.
Discrepancies
may
exist
between
translated
and
original
versions
of
the
announcement,
and
users
should
refer
to
the
original
English
version
for
the
most
accurate
information.

Binance’s
announcement
also
includes
a
general
disclaimer
about
the
volatility
of
digital
asset
prices
and
the
risks
involved
in
cryptocurrency
investments.
Users
are
encouraged
to
make
informed
decisions
and
understand
that
APR
is
an
estimate
and
may
vary.

For
more
details,
visit
the
official
announcement
on

binance.com.

Image
source:
Shutterstock