#simpleEarnBinance how it works (for beginners)

There are 2 types: flexible and locked for days.

The profitability you see is similar to an APR, that is, it is equivalent to annual. To know its daily impact, divide by 365 days.

The flexible one is similar to a remunerated current account, that is, available without penalty, but the interest changes continuously.

The locked one has a fixed profitability during the locked period but penalizes the interest if you withdraw it early, that is, similar to a fixed term.

I hope I have helped with the explanation for beginners.

Good luck to everyone