Binance Launches Second Phase of Binance Lending Products

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2019-09-03 02:32

Fellow Binancians,

Binance will launch the second phase of Binance Lending Products at 2019/09/04 6:00 AM (UTC) where 14-day and 28-day fixed term lending products will be made available. Further details are below:

Subscription Format: First-come-first-served basis.
Subscription Period: From 2019/09/04 6:00 AM (UTC) to 2019/09/05 0:00 AM (UTC).
Interest Calculation Period: Starting from 2019/09/05 0:00 AM (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	14 days	20,000,000 USDT	1,000,000 USDT	8%	100 USDT	0.306849 USDT
ETC	14 days	20,000 ETC	1,000 ETC	7%	1 ETC	0.002684 ETC
ADA	14 days	10,000,000 ADA	500,000 ADA	6%	1,000 ADA	2.301369 ADA
ETH	14 days	10,000 ETH	100 ETH	6%	1 ETH	0.002301 ETH
BTC	14 days	1,000 BTC	10 BTC	3%	0.01BTC	0.00001151 BTC
BNB	28 days	200,000 BNB	100 BNB	10%	10 BNB	0.076712 BNB
USDT	28 days	10,000,000 USDT	500,000 USDT	8.25%	100 USDT	0.632876 USDT
BTC	28 days	500 BTC	5 BTC	3.25%	0.01BTC	0.00002493 BTC

Example:

If User A subscribes to 10 lots of BNB (28 days) Lending (total lend of 100 BNB), the interest earned at maturity date will be 0.076712 BNB * 10 = 0.76712 BNB.

Note:

BNB balances committed into Lending products will be included in each user’s daily BNB balance calculations for Binance Launchpad and other daily calculations as mentioned in the Daily BNB Balance Calculation Mechanism Update.
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

2019/09/03

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