Fellow Binancians,
Binance will add a new trial phase lending product, Flexible Deposits, to the Binance Lending Platform. Flexible Deposits will be available starting from 2019/10/23 12:00 PM (UTC) as a value-added service to Binance users who hold idle digital assets.
Flexible Deposits Table (Subscribe now)
Digital Assets (Trial Phase) |
Daily Individual Max |
Average Annual Return |
BNB |
1,000 BNB |
1.0% |
BTC |
10 BTC |
0.8% |
BUSD |
10,000 BUSD |
2.8% |
What are Flexible Deposits?
With Lending, Binance users are be able to grow their funds by earning interest income for lending out their holdings over a specific period of time. Flexible Deposits provide lenders with the flexibility to redeem funds lent out before the maturity date.
Subscribing to Flexible Deposits
Notes:
Redeeming Funds from Flexible Deposits
Redemption Day: from 00:10 AM to 23:50 PM (UTC) daily.
There are two types of redemptions: standard redemptions and fast redemptions. Further details are below:
Individual Subscription Allotments
Individual subscription allotments and each digital asset’s total subscription cap will continue to be adjusted based on market and risk conditions.
For more details, please refer to this Lending Table.
Interest Calculations
Interest distributed to Binance Lending users is derived from the Binance Margin Platform’s income. Binance will allocate and distribute interest earned at a reasonable rate.
Daily Interest Earned = Total Interest to Be Distributed of the day / Total Subscriptions
Smallest Unit of Interest Calculations
The interest paid will be rounded to eight decimal places.
Thanks for your support!
Binance Team
2019/10/23
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