COTI, DREP and ERD Added to Savings Products on Binance
Fellow Binancians,
Binance has added COTI, DREP and ERD to the list of supported assets on Savings, a value-added service to Binance users who hold idle digital assets.
Flexible Savings Product Details (Subscribe now)
Supported Asset |
Total Limit |
COTI |
15,000,000 COTI |
Locked Savings Product Details (Subscribe now)
Digital Asset |
Term to Maturity |
Total Cap |
Individual Cap |
Annualized Interest Rate |
Lot Size |
Interest Per Lot at Maturity |
DREP |
7 days |
800,000,000 DREP |
10,000,000 DREP |
12% |
10,000 DREP |
23.014 DREP |
DREP |
14 days |
400,000,000 DREP |
10,000,000 DREP |
16% |
10,000 DREP |
61.370 DREP |
New users registered on Binance from 2020/06/24 12:00 PM (UTC) to 2020/07/01 12:00 PM (UTC) will enjoy an additional 6% APR reward on DREP's 7-day savings product. The extra reward will be distributed within 2 weeks after maturity.
Savings Activity Product Details (Subscribe now)
- Subscription Format: First-come-first-served basis.
- Subscription Period: From 2020/06/24 12:00 PM (UTC) to 2020/06/25 12:00 PM (UTC).
- Interest Calculation Period: 2020/06/25 12:00 PM (UTC) to the end of each respective product period.
Digital Asset |
Term to Maturity |
Total Cap |
Individual Cap |
Annualized Interest Rate |
Lot Size |
Interest Per Lot at Maturity |
ERD |
7 days |
150,000,000 ERD |
5,000,000 ERD |
10% |
200,000 ERD |
383.561643 ERD |
ERD |
14 days |
150,000,000 ERD |
5,000,000 |
12% |
200,000 ERD |
920.547936 ERD |
Note:
- Amounts subscribed to Binance Savings products will not be able to receive corresponding staking rewards.
- Subscriptions will close on a certain product once the maximum limit is reached.
- Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management.
- Please refer to Binance Terms of Use prior to using any products on the Binance Savings platform.
Thanks for your support!
Binance Team
2020/06/24
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