So today I was researching the Binance Earn feature. For those who don't know about that, it's a feature where you lock you coins for some amount of time in order to receive interest.
Especially I was checking the flexible savings option where you can earn interest and unlock you coins whenever you like. Here are some rates for various coins...
12% gains annually for cake, which can be staked in Bnb smart chain...
3% for bitcoin, not bad...
5% for usdt, not as good as hive dollars which have a 12% gains annually...
0.7% for doge lol
0.24% eth lol
2% for matic, good...
I think in the past the rates was better but as time passed, the percentage gains drop, correct me if I am wrong...
So do you use Binance Earn? Do you thing it worth it or not? Can centralize exchanges be trusted? Tell me in the comments...