Binance Flexible Loan Adds BETH as Collateral Asset With ETH Staking Rewards

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance is pleased to announce that users can now use BETH as collateral on Binance Flexible Loan while receiving ETH Staking rewards. ETH Staking rewards will be distributed in the form of BETH to users’ Spot Wallets daily. 

Since Binance Flexible Loan uses users’ Simple Earn Flexible Product assets as collateral, Binance Simple Earn will also add BETH to the list of supported assets on Simple Earn Flexible Products. Please note that there will be no Real-Time APR rewards for BETH on Simple Earn Flexible Products, as users will continue to accrue ETH Staking rewards with their BETH Flexible Product subscriptions. 

Notes:

• Please refer to Loan Data for the latest interest rates and a full list of loanable and collateral assets.

• BETH is a tokenized asset representing staked ETH on a 1:1 basis. For more information, please visit here.

• Visit the Binance Flexible Loan or Simple Earn Flexible Product FAQs to learn more.

• Terms and conditions for Binance Flexible Loan and Simple Earn apply.

• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Thanks for your support!

Binance Team

2023-05-04

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.