Binance Simple Earn Launches FIL Locked Products With Up to 9.8% APR

Binance

Filecoin $5.62 7.42%

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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 FIL Locked Products. Complete subscriptions to FIL Locked Products from 2022-11-24 12:00 (UTC) to earn rewards.

Subscription Format: First-come, first-served basis.
Reward Calculation Period: From 00:00 (UTC) on the day after you complete your subscription to Locked Products, until the end of the subscription period.
Reward Payout Time: On a daily basis.

Offered Products (Locked Products)

Digital Assets	Duration	Standard Annualized Interest Rate	Min. Locked Products Subscription Limit Per User	Max. Locked Products Subscription Limit Per User
FIL	30 Days	4.6%	0.1 FIL	2,000 FIL
FIL	60 Days	6.97%	0.1 FIL	800 FIL
FIL	120 Days	9.8%	0.1 FIL	30 FIL

Please note:

Binance Simple Earn will return digital assets/digital currencies to users’ spot wallets at the end of the agreed subscription period. The value of digital assets/digital currencies fluctuates and is subject to change.
Users can view their Locked Products assets by going to Wallets > Earn > Simple Earn > Locked.
Users can enable the “Auto-Subscribe” function before completing subscriptions to Locked Products, which will automatically renew your existing Locked Products position into a new position of the same duration upon expiry.
Unlock period for Locked Products: One day.
Locked Products FAQ.
About early redemption: Users can choose to redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.
Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Thanks for your support!

Binance Team

2022-11-24

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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.

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