This is a general announcement and the products and services mentioned here may not be available in your area.
Dear user:
Binance Collateralized Lending is excited to announce the launch of Binance Current Rate Loans! Users can use existing currency-earning current product assets as collateral to complete loan orders.
With demand rate loans, users can have more flexibility when borrowing cryptocurrencies without being limited to a specific loan term. Earn currency current product assets as collateral and also earn real-time annualized income rewards. This is an independent, over-collateralized, open-term lending product. As long as it is a loanable and collateralized asset supported by the platform and the relevant LTV (loan line) ratio does not exceed the limit, the loan order can continue.
Binance Current Rate Loan offers and accepts a variety of cryptocurrencies as loanable and collateral assets, including: BUSD, USDT, BTC, and ETH. The cryptocurrencies that can be used for staking and lending will continue to be updated, and users can check them on the pledge and loan information page.
[Explore Binance Current Rate Loans Now]
Notice:
Before using any product on Binance Lending, please read the Binance Staking Lending Service Agreement. For more information about Binance Demand Rate Loans, see the FAQ.
If the total value of the user’s existing Earn Current Product assets does not meet the collateral requirements for the current rate loan order application, Binance will transfer cryptocurrency from the user’s spot wallet to the Earn Current Product to cover the required outstanding collateral Taste.
After a borrowing order for a demand rate loan is successful, interest is calculated every minute based on the total outstanding loan amount and the current borrowing rate per minute. Users can check the lending interest rate on the pledged currency information page.
If there is any discrepancy between the translated version and the original English version, the English version shall prevail.
Thank you for your support of Binance!
Binance Team
February 23, 2023
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Binance reserves the right to modify, change or cancel this announcement at any time and for any reason at its sole discretion without prior notice.
Risk warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may fluctuate and you may lose the amount invested. You will be solely responsible for your investment decisions, and Binance is not responsible for any losses that may occur. Past performance is also not a reliable predictor of future performance. You should only invest in products that you are familiar with and understand the associated risks. You should carefully consider your own investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser before making any investment. This article should not be considered financial advice. Please refer to Binance Terms of Use and Risk Warning for details.
