DAILY_REDEEM_AMOUNT_ERROR

API Spot/Margin API
1

I am using the binance-connector api.

I am trying to redeem flexible savings products using client.savings_flexible_redeem.

I first use client.savings_flexible_products() to get a list of all flexible products. then i loop over each
product to check ‘canRedeem’ and purchasedAmount’. if both are not zero, I get the daily quota of the product using client.savings_flexible_user_redemption_quota and if the ‘leftQuota’ of the result is not zero i attempt to redeem the product using client.savings_flexible_redeem.

The amount I specify in the call to client.savings_flexible_redeem() is the ‘purchasedAmount’ returned from the call to client.savings_flexible_products()

Unfortunately, no matter how i specify the amount, i get error (400, -6006, ‘redeem amount error’, ) 6006 DAILY_REDEEM_AMOUNT_ERROR.

It doesn’t matter if i use it directly or convert it using Decimal(product[‘purchasedAmount’]) or Decimal(product[‘purchasedAmount’].replace(’,’,’.’))
The error always comes up.

Kindly advice me please.

2

You can’t redeem an amount if you didn’t purchase that amount in the 1st place, that’s why you’re getting the “redeem amount error”

3

As I specified earlier, I check the ‘purchasedAmount’ returned from client.savings_flexible_products() to be sure it’s not zero

4

Hi @kalotxa,

the ‘purchasedAmount’ from https://binance-docs.github.io/apidocs/spot/en/#get-flexible-product-list-user_data it’s not your purchased amount, it’s a value that’s same for everyone.
You only purchase when doing https://binance-docs.github.io/apidocs/spot/en/#purchase-flexible-product-user_data. I understand how the field name can be misleading, so I believe this might be your situation.

5

then how do i get the amount which can be redeemed? I expect that the amount would be in https://binance-docs.github.io/apidocs/spot/en/#get-flexible-product-list-user_data

6

what i want to do is to list all flexible savings product of MINE and redeem them

7

  • Based on the current available endpoints, it’s only possible to list your flexible product one at the time, by using https://binance-docs.github.io/apidocs/spot/en/#get-flexible-product-position-user_data and associating the mandatory asset field, here you’ll see your “totalAmount” in the response.

  • GET /sapi/v1/lending/daily/product/list is to list general information in the listed products, to be more specific on “purchasedAmount”, this is the current global total amount that has been purchased.

8

https://binance-docs.github.io/apidocs/spot/en/#get-flexible-product-position-user_data

“freeAmount”: “75.46000000”,
“freezeAmount”: “0.00000000”, // abandoned
“lockedAmount”: “0.00000000”, // abandoned
“redeemingAmount”: “0.00000000”,
“totalAmount”: “75.46000000”,

how do i calculate the total amount available for redeeming?

freeAmount ?
totalAmount - redeemingAmount ?
totalAmount - redeemingAmount - lockedAmount ?