#RLUSD $RLUSD $RLUSD Binance has launched a major incentive campaign for Ripple USD (RLUSD) holders..Binance, the flagship exchange, has announced that it is introducing a lucrative incentive for holders of Ripple USD (RLUSD)
It will offer an 8.5% Annual Percentage Rate (APR) on its Simple Earn Flexible Products as part of its promotional campaign. The campaign is officially launching tomorrow, aiming to attract liquidity.
Campaign mechanism
According to the official announcement from Binance Earn, the promotion runs from Feb. 27 (00:00:00 UTC) through March 12 (23:59:59 UTC).
Flexible Products are offered on a first-come, first-served basis, so users are encouraged to subscribe early. Participants can redeem their RLUSD funds at any time while still accruing rewards due to the "flexible" nature of the product. The advertised 8.5% APR actually combines two distinct reward structures. The rewards generated from this 8% tier are distributed directly to users' Spot Accounts on a daily basis.