Binance Simple Earn allows users to earn rewards on their cryptocurrency holdings by depositing them into either Flexible or Locked Products. Flexible products offer daily rewards and the ability to redeem assets at any time, while locked products offer higher yields for a set period.
Here's a more detailed explanation:
1. Flexible Products:
Instant Rewards: Earn real-time APR rewards every minute.
No Lock-up Period: Deposit and withdraw your assets whenever you want.
Bonus Tiered APR: Additional rewards may be offered on select tokens based on tiers and deposited amounts.
Collateral for Loans: Assets in flexible products can be used as collateral for Binance Flexible Loans.
Binance Pay: Flexible product assets can also be sent to other users via Binance Pay.
