Phynonic
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Good evening, how are you? People, I have questions about Binance Earn regarding APR
I understand that APR is the percentage given annually on the invested amount, but there is flexible APR and locked APR, I want to know about that
If I invest 100$ in flexible at 9.1%, it would be 0.024931$ daily or 9.1$ annually
But if I invest in the one that says 3% in 21D, does it mean that I generate 3$(+3%) in 21 days? Or do I need to do some other calculation?
Maybe the question is stupid, but I need to learn about this...
I understand that APR is the percentage given annually on the invested amount, but there is flexible APR and locked APR, I want to know about that
If I invest 100$ in flexible at 9.1%, it would be 0.024931$ daily or 9.1$ annually
But if I invest in the one that says 3% in 21D, does it mean that I generate 3$(+3%) in 21 days? Or do I need to do some other calculation?
Maybe the question is stupid, but I need to learn about this...
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