On December 6th, COINOTAG News reported a significant update from Binance Simple Earn, pertaining to its EOS locked savings product. Users who engage in the Simple Earn program can now benefit from an attractive maximum Annual Percentage Rate (APR) of 29.9%. This enhanced rate is applicable only for a limited timeframe, specifically from December 5, 2024, at 18:00 to January 5, 2025, at 17:59. Post this promotional period, the APR will revert to the standard on-chain rate.
The structure of this locked savings product operates on a first-come, first-served basis, requiring users to commit for at least 30 days to earn an APR of 6.9%, while those willing to invest for a maximum of 120 days can secure the 29.9% APR. This initiative is designed to attract users seeking higher returns amid a competitive crypto savings landscape.
Source: https://en.coinotag.com/breakingnews/maximize-your-earnings-binance-simple-earn-offers-up-to-29-9-apr-on-eos-locked-savings/