Binance NFT Launches NFT Loan
This is a general announcement. Products and services referred to here may not be available in your region.
Binance NFT is excited to announce the upcoming launch of Binance NFT Loan at 2023-05-26 11:00 (UTC), where NFT owners can secure an ETH loan by using their NFTs as collateral. Users can enjoy greater flexibility on their NFT assets, and retain the potential long-term value of their NFTs without having to sell them.
This overcollateralized, open-term, and peer-to-pool loan feature offers distinct Loan-to-Value (LTV) ratios for each NFT collateral-loan pair position.
Zero gas fees
Competitive interest rates
As of 2023-05-26 (UTC), Binance NFT Loan supports Ethereum (ETH) loans only, and NFTs from the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Doodles collections as collateral options. More borrowable assets and NFT collateral options will be available on Binance NFT Loan in the future.
More information on liquidation, interest rates, borrowing and repayment, as well as other further details can be found in the FAQ.
Promotion: Enjoy a 70% Discount on NFT Loan Interest Rates
Promotion Period: 2023-05-26 11:00 (UTC) until further notice
During the Promotion Period, users who obtain an NFT loan from Binance NFT can enjoy 70% off the current borrowing interest rates.
Stay tuned as we continue to integrate more NFT collections and blockchains to our loan product, and optimize our features to expand the range of our offerings.
Terms & Conditions:
Users have to complete identity verification in order to use Binance NFT loan.
Users can find their NFTs via Binance NFT Marketplace > My NFTs > Collected.
Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.