Binance Offers 19.9% APR on FDUSD Locked Products in Limited-Time Promotion

Binance
has
announced
a
limited-time
promotion
for
FDUSD
Locked
Products,
offering
a
fixed
annual
percentage
rate
(APR)
of
19.9%.
The
promotion
is
set
to
run
from
August
12,
2024,
to
August
22,
2024,
and
is
available
on
a
first-come,
first-served
basis,
according
to

Binance.

Promotion
Details

The
FDUSD
Locked
Product
promotion
allows
users
to
earn
a
fixed
APR
of
19.9%
by
subscribing
to
a
10-day
locked
term.
The
principal
amount
is
protected,
ensuring
that
users
will
receive
their
initial
investment
back
upon
redemption
or
at
the
end
of
the
locking
period.
Rewards
will
be
distributed
daily
to
users’
Spot
Wallets.

Mechanism
on
FDUSD
Locked
Products

• 
  Subscription
  Format:
  Limited
  on
  a
  first-come,
  first-served
  basis
  with
  a
  fixed
  duration
  of
  10
  days.
• 
  APR:
  The
  fixed
  rate
  remains
  consistent
  throughout
  the
  Locked
  Simple
  Earn
  Term.
  Any
  changes
  to
  the
  APR
  will
  apply
  only
  to
  new
  subscriptions.
• 
  Principal
  Protected:
  Users
  will
  get
  back
  their
  principal
  upon
  redemption
  or
  at
  the
  end
  of
  the
  locking
  period.
• 
  Reward
  Calculation
  Period:
  From
  00:00
  (UTC)
  the
  day
  after
  subscribing
  to
  the
  Locked
  Products,
  until
  the
  end
  of
  the
  subscription
  period.
• 
  Rewards
  Distribution:
  Rewards
  are
  distributed
  to
  the
  Spot
  Wallet
  on
  a
  daily
  basis.
• 
  Early
  Redemption:
  Users
  can
  redeem
  locked
  assets
  early,
  but
  all
  rewards
  received
  will
  be
  forfeited.
  The
  full
  balance,
  minus
  any
  rewards
  distributed
  during
  the
  term,
  will
  be
  returned
  within
  48-72
  hours.

Getting
Started
with
FDUSD
Locked
Products

1. Visit
   the
   
   Simple
   Earn
   page
   and
   search
   for
   FDUSD.
2. Select
   the
   10-day
   term
   and
   subscribe
   to
   start
   earning
   19.9%
   APR.

About
Binance
Simple
Earn

Binance
Simple
Earn
allows
users
to
earn
daily
rewards
by
depositing
their
digital
assets
for
flexible
or
locked
terms.
Users
can
subscribe
to
or
redeem
assets
from
Simple
Earn
almost
anytime,
providing
flexibility
and
liquidity
while
earning
daily
rewards.

Important
Notes

• The
  promotion
  is
  available
  only
  to
  users
  who
  can
  access
  Binance
  Simple
  Earn
  Products.
  It
  may
  be
  restricted
  in
  certain
  jurisdictions
  or
  regions
  based
  on
  legal
  and
  regulatory
  requirements.
• Binance
  reserves
  the
  right
  to
  adjust
  APRs
  at
  any
  time
  without
  prior
  notice.
  Users
  should
  refer
  to
  the
  
  Binance
  Simple
  Earn
  Terms
  &
  Conditions
  and
  
  Risk
  Warning
  prior
  to
  using
  any
  products.
• At
  the
  end
  of
  the
  agreed
  subscription
  period,
  Binance
  Simple
  Earn
  will
  redeem
  the
  digital
  assets
  locked
  in
  Simple
  Earn
  Locked
  Products
  to
  Simple
  Earn
  Flexible
  Products.
• Users
  can
  view
  their
  Locked
  Products
  subscriptions
  through
  Wallets
  >
  Earn
  >
  Simple
  Earn
  >
  
  Locked.
• APR
  rewards
  are
  distributed
  from
  Binance’s
  own
  funds
  and
  are
  determined
  based
  on
  the
  assessment
  of
  prevailing
  market
  conditions.
  The
  promotion
  is
  not
  associated
  with
  the
  issuer
  of
  FDUSD.
• A
  high
  volume
  of
  redemption
  requests
  might
  temporarily
  delay
  redemptions.
  Redemptions
  will
  resume
  upon
  the
  return
  of
  liquidity.

Binance
encourages
users
to
review
the

Locked
Products
FAQ
for
more
information.

Image
source:
Shutterstock