RWUSD is a principal-protected investment product offered by Binance Earn that provides daily APR rewards. Here's what you need to know about the recent updates:
- *Increased Quota*: The quota has been increased to 15 million. This means more users can participate and earn rewards.
- 4.2% APR Rewards: Users can earn up to 4.2% APR on their RWUSD holdings, which is benchmarked against real-world assets like tokenized US Treasury Bills.
- *How it Works*: Users can subscribe to RWUSD using eligible stablecoins like USDT or USDC at a 1:1 ratio with no fees. Rewards accrue daily and are deposited directly into the Spot Account in RWUSD tokens.
- *Key Features*:
- *Principal Protection*: Initial investment is safeguarded while earning returns.
- *Flexible-Term Subscriptions*: Users can choose their subscription period.
- *Daily Rewards*: Rewards are calculated based on the lowest RWUSD balance in the account.
- *Collateral Utility*: RWUSD can be used as collateral for Binance VIP Loans.
- *Redemption*: RWUSD can be redeemed for USDC at a 1:1 ratio, with options for Fast Redemption (0.1% fee) or Standard Redemption (0.05% fee).