How does Binance pool savings work?

To participate in Pool Savings, Binance Pool miners must utilize the BTC they earn from mining activities . Each user can subscribe up to a maximum of 5 BTC. The AIR for the Pool Savings product is between 4%-30%. Users will start earning interest immediately, on the day they make their initial deposit.

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How does pool work on Binance?

With Pool Savings, you’ll start earning interest right away the day you make your deposit . Interest is calculated by the day, from 00:00 on the current day to 00:00 the next day (UTC). You will not earn interest for the day you redeem your assets, as redemptions are issued the following day.

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What is pool savings in Binance?

Binance launched Binance Pool Savings to provide a value-added service to Binance users who hold idle digital assets . 2. Binance Pool Savings assets are to be used for quantitative trading and other services. In order to guarantee annualized earnings for wealth management products, redemptions may be made daily.

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