Binance Introduces OMNI to Simple Earn Locked Products Offering 7.9% APR

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
the
addition
of
Omni
(OMNI)
to
its
Simple
Earn
Locked
Products,
according
to
the
official
Binance
announcement.
This
move
aims
to
offer
users
the
opportunity
to
earn
up
to
7.9%
APR
rewards
during
the
promotion
period.

Promotion
Details
for
OMNI
Locked
Products

The
promotion
period
for
subscribing
to
OMNI
on
Simple
Earn
Locked
Products
begins
on
June
6,
2024,
at
10:00
UTC
and
ends
on
December
6,
2024,
at
09:59
UTC.
Subscriptions
will
follow
a
first-come,
first-served
basis
with
specific
minimum
and
maximum
subscription
limits,
as
well
as
duration
requirements,
impacting
the
potential
APR
rewards.

The
reward
calculation
for
eligible
subscriptions
will
start
from
00:00
UTC
the
day
after
the
subscription
is
completed
and
will
be
distributed
on
a
daily
basis
until
the
end
of
the
subscription
period.

How
to
Subscribe
to
OMNI
Locked
Products

Users
interested
in
participating
can
follow
these
steps:

1. Navigate
   to
   the
   
   Earn
   section
   on
   Binance
   and
   search
   for
   OMNI.
2. Select
   the
   desired
   duration
   and
   subscribe
   with
   OMNI
   to
   start
   earning
   up
   to
   7.9%
   APR
   daily.

Additional
Information
and
Considerations

Binance
reserves
the
right
to
adjust
APRs
at
any
time
after
the
promotion
period
without
prior
notice.
Upon
the
end
of
the
subscription
period,
Simple
Earn
will
automatically
redeem
the
digital
assets
to
Flexible
Products.
Users
can
view
their
subscriptions
by
heading
to
Wallets
>
Earn
>
Simple
Earn
>
Locked.

For
those
interested
in
enabling
automatic
renewals,
the
“Auto-Subscribe”
function
can
be
activated
before
completing
the
subscription
to
ensure
the
position
renews
into
a
new
one
of
the
same
duration
upon
expiry.

Early
redemption
is
also
an
option,
although
it
means
users
will
not
be
entitled
to
any
rewards
accrued
during
the
period,
and
any
distributed
rewards
will
be
deducted
from
the
refunded
principal.
The
redemption
process
may
take
48-72
hours.

For
more
information,
users
are
advised
to
refer
to
the

Locked
Products
FAQ
and
the

Binance
Simple
Earn
Terms
&
Conditions.

It
is
important
to
note
that
digital
asset
prices
are
volatile,
and
the
value
of
your
investment
may
fluctuate.
Users
are
solely
responsible
for
their
investment
decisions,
and
Binance
is
not
liable
for
any
potential
losses.

For
the
latest
and
most
accurate
information,
users
should
refer
to
the
original
announcement
on
Binance.

Image
source:
Shutterstock

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