MultiversX Tracker is Live!

Binance flexible savings tier (diminishing returns), what is the logic?

Binance

Cryptocoins Exchanges / Binance 195 Views

I don't understand the logic behind the tiers in the flexible savings.

For example, for USDT, if you are to put 2000 USDT or less, then the APY will be 10%, but for every USDT above 2000 (up until 75000), you only get an APY of 3% and for every USDT beyond that, you only get an APY of 1%.

I don't understand the incentive for the broker (?) to give diminishing returns. The only hypothesis I have is that it is some kind of incentive for the customer to start using flexible savings. Any insight?

(?) New to investing, and I am not sure if I am using the right terminology.

submitted by /u/Willy_Nicky_Vicky
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments