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Binance Launches Third Phase of Binance Lending Products
Binance
2019-09-09 09:22

Fellow Binancians,

Binance will launch the third phase of Binance Lending Products at 2019/09/11 6:00 AM (UTC), where 14-day fixed term lending products will be made available. Further details are below: 

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2019/09/11 6:00 AM (UTC) to 2019/09/12 0:00 AM (UTC).
  • Interest Calculation Period: 2019/09/11 6:00 AM (UTC) to 2019/09/25 6:00 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

BNB

14 days

200,000 BNB

500 BNB

10%

10 BNB

0.038356 BNB

ETC

14 days

30,000 ETC

1,500 ETC

7%

1 ETC

0.002684 ETC

LTC

14 days

6000 LTC

300 LTC

7%

1 LTC

0.002684 LTC

XRP

14 days

1,000,000 XRP

50,000 XRP

7%

100 XRP

0.268493 XRP

USDC

14 days

2,000,000 USDC

500,000 USDC

7%

100 USDC

0.268493 USDC

USDT

14 days

20,000,000 USDT

5,000,000 USDT 

10%

100 USDT

0.383561 USDT

 

Example:

If User A subscribes to 10 lots of BNB (14 days) Lending (total lend of 100 BNB), the interest earned at maturity date will be 0.038356 BNB * 10 = 0.38356 BNB.

Note:

Thanks for your support!

Binance Team

2019/09/09

 

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