USDT Locked Products Launch: Enjoy 6% Fixed APR!

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Simple Earn has launched USDT on Locked Products which provides a fixed rate for your deposits. Complete subscriptions to USDT on Simple Earn Locked Products today to enjoy 6% in APR rewards.

Offered Products (Locked Products):

Mechanism on USDT Locked Products:

• Subscription Format: Subscription is limited on a first-come, first-served basis. Fixed duration of 21 days. 

• APR: The fixed rate will remain the same through the entire Locked Simple Earn Term. For fixed rate, any available changes to the APR will only apply to your new, and not existing, USDT Locked Product subscriptions.

• Reward Calculation Period: From 00:00 (UTC) on the day after you subscribe to Locked Products, until the end of the subscription period.

• Rewards Distribution: Distributed to Spot Wallet on a daily basis.

• Early Redemption: Users may early redeem locked assets, but all rewards received will be forfeited. The full balance of the locked assets, minus any rewards distributed during the term, will be returned to users’ Spot Wallet within the next 48-72 hours.

How to Get Started with USDT Locked Products:

1. Head to [Simple Earn], and search for USDT. 

2. Select 21 Days, and subscribe to USDT Locked Products to start earning 6% 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 may subscribe to or redeem assets from Simple Earn almost at any time, thus retaining great flexibility and liquidity over their assets while earning daily rewards.

Please Note:

• Binance reserves the right to adjust APRs at any time without prior notice. Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.

• Binance Simple Earn will redeem the digital assets/digital currencies locked in Simple Earn Locked Products subscriptions to Simple Earn Flexible Products at the end of the agreed subscription period.

• Users may view their Locked Products subscriptions by going to Wallets > Earn > Simple Earn > Locked.

• The assets you deposit in Simple Earn may be loaned to other Binance users (e.g., Margin and Crypto Loan products).

• A large amount of redemption requests might delay redemption temporarily. Redemptions may resume upon return of liquidity.

• For more information, please check on Locked Products FAQ.

• Principal Protected means you will get back your principal upon redemption or at the end of the locking period (as applicable). 

• There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Thank you for your support!

Binance Team

2024-06-04