Binance has launched a new product called "Range Bound." This product rewards users for staying within a reference price range of a digital asset over a selected period.
Attraction of Range Bound
The APR is linked with the subscription amount to make the risk more investible, i.e., the higher the risk, the higher the reward will be. To make risk exposure user-friendly, users are allowed to select the digital asset, reference price, and settlement date.
Risk of Range Bound
In case the reference price of the selected digital asset during its duration even touches the upper or lower price limit of the price range, the user will not receive any rewards, instead the risk money will be forfeited. Due to this, the users will get back an amount less than what they initially deposited.
Thoughts
As the obvious condition suggests, the investor will get the rewards under this new product, only by taking the risk . I think it is not wise to take this risk after the loss we have suffered due to the bear blood of the market.
