up to 200$ 5% in $USDT up to 400$ 10.54% in $USDC that percentage is the apr by levels and they give you a daily percentage of Apr like approximately 1.3%

Can someone explain to me how APR interest works in EARN BINANCE?

EARN 1000 USDC
APR 10.54% + 0.54% = 11.08%

Estimated reward: 0.124 USDC/day = 43.4 USDC/year

However, with an APR of 11.08%, it should be 110.8 USDC/year, that is, 0.3 USDC/day

The difference is more than double what the application states!

Why does this happen?