Binance Launches Eighth Phase of Binance Lending Products
Fellow Binancians,
Binance will launch the eighth phase of Binance Lending Products at 2019/10/09 12:00 PM (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 2019/10/09 12:00 PM (UTC) to 2019/10/10 0:00 AM (UTC).
- Interest Calculation Period: 2019/10/09 12:00 PM (UTC) to 2019/10/23 12:00 PM (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 |
100,000 BNB |
500 BNB |
10% |
10 BNB |
0.038356 BNB |
| BNB |
14 days |
1,000,000 BNB |
5,000 BNB |
6% |
10 BNB |
0.023013 BNB |
| BTC |
14 days |
1,000 BTC |
20 BTC |
3% |
0.01 BTC |
0.00001151 BTC |
| BUSD |
14 days |
15,000,000 BUSD |
5,000,000 BUSD |
10% |
100 BUSD |
0.383561 BUSD |
| EOS |
14 days |
200,000 EOS |
20,000 EOS |
6% |
10 EOS |
0.023013 EOS |
| ETC |
14 days |
20,000 ETC |
1,000 ETC |
7% |
1 ETC |
0.002684 ETC |
| ETH |
14 days |
10,000 ETH |
100 ETH |
6% |
1 ETH |
0.002301 ETH |
| LINK |
14 days |
500,000 LINK |
50,000 LINK |
6% |
100 LINK |
0.230136 LINK |
| USDT |
14 days |
15,000,000 USDT |
5,000,000 USDT |
10% |
100 USDT |
0.383561 USDT |
| XRP |
14 days |
10,000,000 XRP |
500,000 XRP |
6% |
100 XRP |
0.230136 XRP |
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
2019/10/07
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