According to the announcement from Binance, the platform's Simple Earn service is set to introduce an update for Locked Products featuring Dymension (DYM). During the promotion period, users can earn up to 29.9% APR by subscribing to DYM on Simple Earn Locked Products. The promotion period is scheduled from 2025-07-03 10:00 (UTC) to 2025-09-01 09:59 (UTC). Subscriptions will be accepted on a first-come, first-served basis, with specific minimum and maximum subscription limits and duration requirements impacting the APR.
The reward calculation period begins at 00:00 (UTC) the day after a subscription is completed and continues until the end of the subscription period. Rewards will be distributed daily. The offered Locked Products for DYM include durations of 30, 60, and 120 days, with corresponding APRs of 21.90%, 25.90%, and 29.90%. The minimum subscription limit per user is 1 DYM, with maximum limits set at 100,000 DYM for 30 days, 200,000 DYM for 60 days, and 500,000 DYM for 120 days.
To participate, users can purchase DYM on the spot market or through various payment methods supported by Binance, such as Visa, Mastercard, Apple Pay, and Google Pay. Users can also deposit DYM into their Binance account. Once acquired, users should navigate to the Earn section, search for DYM, select the desired duration, and subscribe to start earning daily APR. Binance notes that APRs may be adjusted after the promotion period without prior notice. Users can view their subscriptions under Assets > Earn > Simple Earn > Locked and may enable the Auto-Subscribe function for automatic renewal. Early redemption is available, but users will forfeit any accrued rewards, and it may take 48-72 hours for assets to return to the spot account.