Hi

I stake a few coins to earn % on binance, some are on fixed and others on flexible terms.

In the last few months i noticed some coins yield goes down but never go up 🤷🏻‍♂️

Is it any rule on how binance adjust earn %?

Is anyone ever saw the rate go UP? 😂


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6 Comments

  1. One-Bus-3151 on 15. September 2023 at 16:45

    I’ve seen them go up once or twice and then back down too, would like to know if anyone has more info on how it’s calculated.

     


  2. BinanceCSHelp on 15. September 2023 at 16:45

    Hi Binancian,

    Your Simple Earn Assets are used for a variety of purposes, including by other business units within Binance. Assets deposited in Flexible Products may be used for Binance’s business operations. They may also be used as part of the digital assets that are loaned to other users (e.g., they may be used in Margin and Crypto Loan products). Binance may also use your Simple Earn assets for staking on Proof-of-Stake (PoS) networks. In PoS staking, users deposit their crypto in a smart contract to perform various network functions (such as validating transactions). In return, they receive staking rewards. Basically, business operations affect the APR.

    [https://www.binance.com/en/support/faq/introduction-to-binance-simple-earn-8df6abf5930e4ef4977d84f45d99d491](https://www.binance.com/en/support/faq/introduction-to-binance-simple-earn-8df6abf5930e4ef4977d84f45d99d491)

    -MK

     


  3. Tall_Run_2814 on 15. September 2023 at 16:45

    Think about it from a businesses perspective…

    What do you think happens when they increase the earn %? Do you think that a higher % increases or decreases the amount of people that wish to take advantage of that offer?

    If the companies metrics/quotas are met and then heavily surpassed in terms of the number of people they want to join…how does it value the company by keeping the amount of money they have to pay out at a higher %?

    When you’re thinking about this stuff, don’t think about you want and what you’re getting think about what the other party you’re doing business with is getting out of it…

     


  4. Umarzy on 15. September 2023 at 16:45

    I’m not completely sure on the rule, but I think an increase in the number of stakers reduce the APR. I remember they have CTSI staking APR at 23% sometime last year, & now it’s gone down to 9.6%. For NEAR, I didn’t notice much difference in the yield.

    This might be the same reason why some duration length gets sold out.

     


  5. Sad-Swordfish8008 on 15. September 2023 at 16:45

    My XRP rate went on a roller coaster ride. It went up some time last year and is back down right now.

    I don’t know the rules but I think it’s related to market conditions.

     


  6. Sizododayladyyu on 15. September 2023 at 16:45

    I’d like to know more about it as well. Staking has saved my arse during this difficult time, which is why I’m focusing on MAXX. The platform provides guaranteed annual staking returns without relying on other participants in the ecosystem.