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Can someone explain the "earn holdings" on Binance

Binance

Cryptocoins Exchanges / Binance 463 Views

So this is actually my first time trying to stake my crypto and a little bit confused about these things. I have a large amount of USDC I'm holding to buy some altcoins when they drop to my target and I would like to stake them while I wait

  1. For USDC it has an APY 1.93% return not sure what that means completely?
  2. when you go to Earn products it says "Coin 7-day APY" does that mean I earn 1.93% every 7days?
  3. what do they mean by flexible savings?
  4. And are their anythings I should consider when staking

Thank you in advance to anybody who answered my questions

submitted by /u/BK_2_times
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