Plasma USDT Locked Product on Binance Earn’s On-Chain Yields
Binance launches Plasma USDT Locked— this is a staking format for $USDT, where you lock your coins for a limited time, receiving daily rewards in $USDT and additionally $XPL tokens through an airdrop after TGE. The distribution of $XPL will occur proportionally to the amount of your subscription based on balance snapshots, and early redemption is possible without losing already accrued rewards.
💼 Start: August 20 at 15:00
Subscription limit: 250,000,000 $USDT (distribution in order of queue)
Rewards:
🟡Daily accruals in USDT (go to the spot account).
🟡XPL Airdrop (after TGE, a total of 100,000,000 XPL = 1% of total issuance).
Conditions:
Subscription period: from August 20 until the XPL Post-TGE event or until the quota is exhausted.
Early redemption:
- Possible, rewards are not lost.
- Assets are returned within 3 days.
- Historical snapshots remain valid for XPL.
Please note that you can place your $USDT for 60 days at 2% APR + additionally receive rewards in $XPL.
APR is indeed low, but there is a chance that $XPL will cover the potential loss of profitability due to the low APR.