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Binance Launches Eleventh Phase of Binance Lending Products
Binance Launches Eleventh Phase of Binance Lending Products
2020-01-17 10:44
Fellow Binancians,
Binance will launch the eleventh phase of Binance Lending Products at 2020/01/20 12:00 PM (UTC), where 30-day fixed term lending products will be made available. Further details are below:
- Subscription Format: First-come-first-served basis.
- Subscription Period: From 2020/01/20 12:00 PM (UTC) to 2020/01/21 12:00 PM (UTC).
- Interest Calculation Period: 2020/01/21 12:00 PM (UTC) to 2020/02/20 12:00 PM (UTC).
- Interest Payout Time: Immediately after loan term matures.
Lending Product Details (Subscribe now)
| Digital Asset |
Term to Maturity |
Total Subscription Cap |
Individual Cap |
Annualized Interest Rate |
Lot Size |
Interest Per Lot at Maturity |
| USDT |
30 days |
30,000,000 USDT |
1,000,000 USDT |
6% |
100 USDT |
0.49315 USDT |
| ERD |
30 days |
500,000,000 ERD |
25,000,000 ERD |
15% |
50,000 ERD |
616.4383 ERD |
Note:
- ERD holders can earn rewards via our Lending Product supported by Elrond pre-staking. Users will not earn any additional staking rewards while participating in Lending Products.
- Refer here for the Binance Lending User Guide;
- Please refer to Binance Terms of Use prior to using any products on the Binance Lending platform.
Thanks for your support!
Binance Team
2020/01/17
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