Is Binance lying to us about the Savings Products?

Ok, .. im having trouble to understand this.

In the \"DeFi Savings\" there is a 8.19% Bitcoin 60-days-locked option. Now this is a huge % for Bitcoin. The Banner says its via \"Venus\", meaning Venus.io as DeFi ledger...

Now on Venus.. if i want to directly supply BTC(BBTC, as it needs to be BEP20/BSC wrapped to work on BSC) i only get like 0.86%?

where are the missing 7% interest coming from? Not from Venus!

Since 7% missing interest over 2 months, especially in Bitcoin -- kind of is a huge Risk, i wondered..:

- where does Binance get the interest from?- why do they tell us its on Venus, when its clearly not on Venus? Venus is unable to return 8% Interest, does not offer locked investments..- if its not on venus and the interest is generated by binance somehow different - why do they lie about it to us, putting these savings products in a own category "DeFi Savings" and having you nod the higher risks?!

8.19% on Bitcoin is ... extremely high to be honest.

I am getting very suspicious at Binance regarding all these DeFi-Frontrunning Products. I don't feel like this is any honest at all; there is no transparencfy and i have the feel Binance is pushing people to actively lock-in funds with high APYs just do lower them significantly, as soon as enough people have done so.

e.g. i once locked a lot of BNB for 120 Days and 12% just to find it drop to 6% in the next weeks - being unable to get any of my locked stakings out.

Does anybody have similiar experiences? E.g. all those shitcoins dropped by BNB-Vault - they proactively offer high locked-staking APYs to hinder you from just selling it? You should still do so: none of the coins Binance released in the last 2 years made anyone except Binance and the Founders any Money.

Need examples?

MC
TLM
LTO
LIT
QI
ALICE
RIF
REEF

... all these distributed Vault-Coins have been at their ATHs straight after release, and drop continously every since.

Conclusion:

Binance is abusing its huge marketingpower to shill shitcoins to its millions of users, triggers greed with high APYs (who never raise after you staked but only decline :))) and bullshits everyone into savings products as e.g. 40% for CAKE when you get 64% on pancakeswap.io directly. (Obviously binance takes 50% of your Interest here just for delegating/frontrunning).

Binance is for noobs who like shitcoins - stay away from 95% of their coins. They are all shit. Nothing substantial ever comes from the Launchpad.

in 2022 Binance Launchpad/Listing have become the exact opposite of what thesy used to be in e.g. 2018/19:

Back then it was a BULLISH SIGNAL if a coin was listed/founded by Binance.
In 2022 its a BEARISH SIGNAL if a coin is dispersed by Binance or founded by it.