Binance Offers Nearly 8% in XRP for RLUSD But the Base Rate Keeps Falling

The exchange publishes an effective APR after each distribution, alongside the XRP price it used. The 7.77% on the latest banner is the top boosted rate from the Oct. 16 table, not the base. To reach it, a user needs both boosts at once, i.e. a 1.2x multiplier on RLUSD added above their baseline (the higher daily balance from the prior two weeks), plus a 1.1x multiplier for subscribing that RLUSD to Simple Earn Flexible savings. In total, they reach 1.3x, but only on the incremental amount. The pool is fixed in dollar terms, so the rate falls as more RLUSD chases it and as XRP’s value drops. XRP is trading around $1.31 on Saturday , below the $1.3350 Binance used for its latest payout.

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