𤯠The yield in Binance Earn looks attractive, but before putting your assets into any product, itâs worth understanding what risks lie behind it.
Yield is not guaranteed forever. Product terms can change depending on market conditions and demandâwhat you see now doesnât necessarily stay the same after some time.
Fixed products limit access to funds. If you choose a product with a lock-up period, make sure in advance that you definitely wonât need this amount earlierâearly withdrawal may be impossible or may come with additional conditions.
The risk of the asset itself doesnât go away. If you put a volatile cryptocurrency into the product, its price can still change while the asset is âworkingâ in Earnâthe productâs yield does not protect you from the assetâs value dropping.
Different productsâdifferent terms. Before you start, read the terms of the specific product youâre choosing carefully, not just rely on the yield number from the homepage.
I recommend that before you start, you honestly assess how comfortable youâll be with the limitations of that particular productânot only with its yield.
#earn
Yield is not guaranteed forever. Product terms can change depending on market conditions and demandâwhat you see now doesnât necessarily stay the same after some time.
Fixed products limit access to funds. If you choose a product with a lock-up period, make sure in advance that you definitely wonât need this amount earlierâearly withdrawal may be impossible or may come with additional conditions.
The risk of the asset itself doesnât go away. If you put a volatile cryptocurrency into the product, its price can still change while the asset is âworkingâ in Earnâthe productâs yield does not protect you from the assetâs value dropping.
Different productsâdifferent terms. Before you start, read the terms of the specific product youâre choosing carefully, not just rely on the yield number from the homepage.
I recommend that before you start, you honestly assess how comfortable youâll be with the limitations of that particular productânot only with its yield.
#earn
