Binance Hands Out XRP for RLUSD Holdings as Base Yield Slides

Binance is running another XRP giveaway for RLUSD holders, with an $800,000 reward pool. The advertised 7.77 % is the boosted maximum, not the base rate users actually receive.

The current base APR sits at 5.98 %. Reaching the top figure requires holding the highest daily RLUSD balance from the past two weeks plus locking funds in Simple Earn Flexible, and even then the multiplier applies only to the extra amount.

Because the pool size is fixed in dollars, more participants and a lower XRP price both reduce individual payouts. XRP is now trading near $1.31, and the final rate will be set on 23 October.

Residents of the US, UK, Canada, Japan and most EEA countries are excluded and KYC is mandatory. Meanwhile RLUSD’s market cap has reached $2.43 billion after integrations by Cross River Bank and Standard Chartered.

Based on information from cryptonews.net