Binance Offers 16.2% APR on FDUSD Fixed Rate Locked Products

Binance has launched an enticing promotional offer for its FDUSD Fixed Rate Locked Products, featuring a competitive 16.2% Annual Percentage Rate (APR) for qualifying users. This initiative comes in response to increased user interest and will be available from October 23, 2024, to November 5, 2024, according to Binance.

Promotion Details

The subscription for FDUSD Locked Products is limited and based on a first-come, first-served framework. These products have a locked term of 14 days, during which the fixed APR stays unchanged. Users can look forward to receiving rewards daily, credited directly to their Spot Wallet. However, should users choose to redeem early, they will lose all earned rewards, and the principal will be returned within 72 hours, with the possibility of delays in exceptional cases.

How to Participate

To benefit from this offer, users must first obtain FDUSD through Binance’s Spot market or the Buy Crypto page, which accepts various payment options such as Visa, Mastercard, Apple Pay, Google Pay, and wallet balances. After acquisition, users can head to the Simple Earn section on Binance, select the 14-day option, and subscribe to the FDUSD Locked Products to begin earning the 16.2% APR.

About Binance Simple Earn

Binance Simple Earn enables users to earn rewards by depositing digital assets for flexible or locked terms. It offers flexibility and liquidity, allowing users to subscribe or redeem assets nearly anytime. However, users should note that the promotion is subject to jurisdictional restrictions and might not be open to everyone.

Additional Considerations

Binance has indicated that the APR rewards come from its own resources and are assessed based on prevailing market conditions. This promotion is not linked to the FDUSD issuer. Users should be aware that high redemption requests could slow down processing, and Binance retains the authority to adjust the promotion terms or disqualify participants engaging in fraudulent activities or not complying with the stipulations.

For more in-depth information, users are advised to review Binance’s Terms & Conditions and Risk Warnings. The company also emphasizes that any discrepancies between English and translated versions of the announcement should defer to the English version for accuracy.

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