When I got back into trading (after 2 years) I found the option of 'Simple Earn', I saw the simple interest rates and there were some currencies that offered more than 37% APR, that is, 37% annualized [37% ÷ 12 months ≈ 3.08% monthly. That was exciting! I bought the currency and put it in Simple Earn.
However, my happiness didn't last long for two reasons: (1) as the days went by I noticed that the value in USDT was lower than what I had entered. And that's because the value of the currency had gone down. But still, the APR compensates... Far from reality! (2) That same day, after a couple of hours, I saw that the APR dropped! It dropped from 37% to 25% (I don't remember exactly, probably more).
However, as a stroke of luck for a beginner, I managed to make a swap from one currency to another (which offered a higher APR ≈ 40%) and as the days went by the same story repeated, however this currency had increased in price and I noticed that the value in dollars had increased quite a bit so I swapped it to USDT with a profit of 3 dollars. I mean, I didn't even know exactly what had happened but I had made a profit.
Conclusion: interest rates (APR) vary and can change from one day to the next, just like if the value of the currency goes down or up, the value of the currency in Simple Earn will go down or up in the same way.#Write2Earn 