This is a general announcement and the products and services mentioned here may not be available in your area.
Dear user:
The Binance current currency lending platform has newly added loanable assets ALGO, APE, DYDX, EGLD, EOS, FET, GALA, ICP, MANA, NEAR, OP, PAXG, QNT, TUSD, TWT, UNI, USDC, and pledged assets USDC . The loan interest rate, pledge and lending currency provided by the platform will change at any time. Please see the borrowing data page for details.
About Binance Current Loan:
Binance Demand Loan is an over-collateralized, independent loan product with no expiration date.
Users can create loan positions individually, each position consists of a collateral-borrow pair. For example, one position is [BUSD collateral + ETH loan], while the other position is [USDT collateral + BTC loan]. Each collateral-loan pair position has its own pledge ratio (LTV), margin call and liquidation pledge ratio and other standards.
Each borrowed currency position must be over-collateralized, that is, the value of the collateral pledged by the user must be higher than the value of the digital assets lent by Binance.
Binance demand loan is an unlimited product. As long as this product supports loan assets and collateral digital assets and does not exceed the corresponding pledge rate, users can hold positions indefinitely.
Binance current currency borrowing uses the user’s current currency-earning assets as collateral. These assets continue to earn real-time rewards while being staked. To help users manage pledge rates more conveniently and reduce interest costs.
[Explore Binance’s current currency borrowing now]
Thank you for your support of Binance!
Binance Team
March 23, 2023
