Binance <>Plasma TLDR:

- deposit up to 100K usdt per binance account to farm 1% of XPL.

- cap: 250M (for now)

- timelock: 60d

- to calculate potential APR, iterate FDVs and divide that 1% between all deposits (rn it's $250M)

- Example: $2B FDV -> $20M rewards for binancians -> $120M rewards annualized -> $250M earning $120M per year -> 48% APR

- 250M filled in 20 minutes

Caps will be increasing soon. IMO it's a no brainer if you aren't better allocated to other stablecoin farms. OFC caps increase will dilute APR, so mind that. I'd monitor binance tweets in case you are interested in depositing.

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