This is a general announcement. The products and services described herein may not be available in your region.
Dear Binance Community Members,
Binance Loans is launching a new promotion for all users who place new flexible loan orders using Wrapped Beacon ETH (WBETH) as collateral.
Promotion period: from 08/31/2023 11:00 to 09/30/2023 11:00 (Moscow time).
During the promotion, the initial loan-to-collateral (LTV) ratio for WBETH tokens used as collateral in new orders for flexible loans will increase from 70% to 75%. This will increase liquidity as users will be able to borrow more digital assets with the same amount of WBETH as collateral.
Don't miss this fantastic opportunity to maximize the potential of WBETH loans with flexible terms. Convert BETH to WBETH tokens using this link and take advantage of this exclusive offer!
Apply for a loan of WBETH tokens with flexible conditions
Notes
The margin call and liquidation LTV ratios for WBETH collateral under Flexible Loans will not change. You can learn more on the Collateral Assets tab on the Loan Details page.
The initial LTV for BETH collateral on flexible loans will be reduced from 70% to 60% until further notice.
To learn more, check out our FAQs about Flexible Loans, WBETH, and Simple Earn Flexible Loans products.
Terms and conditions
Binance reserves the right to disqualify any participants it reasonably determines to be fraudulent or in violation of applicable terms and conditions.
Binance reserves the right, without prior notice, at any time and in its sole discretion, to establish and/or change the terms and conditions (including, without limitation, the cancellation, extension, termination and suspension of this promotion), as well as the terms and conditions of participation, eligibility conditions and the number of winners and timing of any assignments. All participants are required to follow the changes.
Additional terms and conditions of the promotion are available here.
If the translation and the original English version of the terms differ, the English version shall prevail.
Thanks for support!
Binance command
31.08.2023
