what is Binance earn

So lets see what is binance earn and how’s it working.

In the binance earn have there are some products that have little bit different from each other like: Flexible Savings, Fixed Savings, Asset Management, and BNB Vault.

So we check all of the terms one by one

1. Flexible Saving: In the flexible savings you have to use your savings to earn money or earn interest by the savings. You can deposit your cryptos and gain interest from your dormant funds on a daily basis. It looks like a bank deposit and earn some interest and you can withdraw your amount from anytime.

2. Fixed Savings: Flexible savings, Binance Fixed Savings needs to deposit assets for a fixed period on a regular basis, and you can get higher returns than Flexible savings. Please note that if you withdraw in advance, you will also lose your interests.

*Activities : Activities refer to the high-yield staking activities jointly organized by various project parties and Binance. Users are required to lock the corresponding assets on the platform to obtain higher returns. Subscriptions will be closed once they reach the maximum limit.

*Locked Staking : Users can gain rewards through Locked Staking by staking assets on the blockchain. And you can redeem the assets after the subscription is successful, but it should be noted that the redemption of assets on the chain requires a certain unlocking period.

*Defi Staking : Defi stands for “Decentralized Finance”. It provides users with decentralized financial services through smart contracts on a blockchain. Binance introduced DeFi staking to help proxy users to participate in related decentralized projects. This allows users to access DeFi in a user-friendly and straightforward manner.

3.Asset Management :

Dual Saving : Dual Savings allow users to subscribe to the product with one asset (like BTC). When the product expires, the user may settle with one asset of the two options (such as BTC ). Dual Savings is a type of financial product that offers non-guaranteed floating earnings, allowing users to obtain the highest possible earnings while satisfying their digital asset risk management needs. please note that your order cannot be redeemed in advance once the subscription is successful.

4. BNB Vault : Binance newly introduces BNB Vault, a one-click earning for your BNB holdings. BNB Vault is a capital-guaranteed investment product with an easy-to-use interface. It can help users maximize the income potential of your BNB from both centralized and decentralized finance in just one step by integrating various Binance products and the Binance ecosystem. It allows BNB holders to maximize the yields and get all the benefits from every opportunity available in the mark.