Hello Binancians!
I'm new to crypto lending so I wanted to ask here first before I screw something and lose all my ETH. If I want to lend ETH, do I go to (android app) Savings > Flexible > Find ETH in the search bar > Subscribe > Enter quantity, agree on Binance terms, and tap Confirm?
The thing that is confusing me is the 7-Day APY - does that mean that the lending period is for 7 days only? After 7 days I have to re-do this process? I understand that with Flexible lending I can redeem my ETH at any time. Currently, there aren't any locked options available.
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