Binance Launches FDUSD Locked Products with 16.2% Fixed APR

Binance introduces FDUSD Fixed Rate Locked Products offering a 16.2% APR. The promotion runs from October 23 to November 5, 2024, on a first-come, first-served basis.

Binance Introduces FDUSD Locked Products Offering 16.2% Fixed APR

Tony Kim Oct 23, 2024 06:44

Binance has announced a promotional offer for its FDUSD Fixed Rate Locked Products, where eligible users can earn an impressive 16.2% Annual Percentage Rate (APR). This initiative will commence on October 23, 2024, and conclude on November 5, 2024, available on a first-come, first-served basis.

This promotion provides an excellent opportunity for users to maximize their earnings on their stablecoin deposits. Here's an overview of the key details:

Promotion Details

The subscription to FDUSD Locked Products is limited and operates on a first-come, first-served basis. These products feature a locked term of 14 days, where the fixed APR remains constant throughout the period. Rewards are credited daily to users' Spot Wallets.

In the event of early redemption, users will forfeit any accrued rewards. However, the principal amount will be returned within 72 hours, although delays may occur under exceptional circumstances.

How to Participate

To participate in this promotion and start earning 16.2% APR on your FDUSD, follow these simple steps:

Acquire FDUSD from Binance's Spot market or the Buy Crypto page, which offers a range of payment options including Visa, Mastercard, Apple Pay, Google Pay, and wallet balances.

Once you have acquired FDUSD, proceed to the Simple Earn section on Binance, select the 14-day option, and subscribe to the FDUSD Locked Products to commence earning 16.2% APR.

About Binance Simple Earn

Binance Simple Earn is a product that enables users to earn rewards by depositing digital assets for either flexible or locked terms. It offers the flexibility and liquidity that users value, allowing them to subscribe or redeem assets almost whenever they wish.

Please note that this promotion is subject to jurisdictional limitations and may not be available to all users.

Additional Considerations

The APR rewards are credited from Binance's own funds and assessed based on the current market conditions. This promotion is not affiliated with the issuer of FDUSD.

High redemption requests may cause delays in the redemption process. Binance also reserves the right to adjust the promotion terms or disqualify participants found to be engaging in fraudulent activities or not adhering to the promotion terms.

For a comprehensive overview of the promotion details, please review Binance's Terms & Conditions and Risk Warnings.

In the event of any discrepancies between the English and translated versions of this announcement, the English version shall prevail for accuracy.