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Binance VIP Loan Adds REQ, IMX, RPL and More as New Loanable Assets, USDP, SSV, THETA and More as New Collateral Assets

Binance VIP Loan Adds REQ, IMX, RPL and More as New Loanable Assets, USDP, SSV, THETA and More as New Collateral Assets

2023-05-10 02:15

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance VIP Loan has added WING, PERP, REQ, ALCX, LQTY, IMX, RPL and IDEX as new loanable assets, and USDP, COCOS, ACH, SSV, TWT, RDNT, HFT, THETA, HIGH and PEOPLE as new collateral assets. Please refer to VIP Loan for the latest interest rates and a full list of loanable and collateral assets. Users can reach out to the Binance VIP Key Account Coverage team via email (vip_loan@binance.com) or Telegram (@vip_loan_binance) to start using these collateral options.

What Is Binance VIP Loan? 

Binance VIP Loan is a large personal and institutional over-collateralized loan service with competitive rates, terms, and services. Users may use Binance VIP Loan to unlock greater potential in objectives, such as greater liquidity for long-term investment funds, leveraged trading, and hedging strategies. 

What Is the VIP Loan Collateral Ratio?

All collateral assets on Binance VIP Loan are subject to Collateral Ratios. Generally, tokens with lower liquidity are subject to lower collateral ratios and receive larger haircuts. Different collateral ratios may also apply to the same token depending on the collateral amount.

Get Started with Binance VIP Loan Today

Notes

  • Users can read the FAQ for more information on VIP Loan and the VIP Loan Collateral Ratio mechanism. For more queries, users can get in touch with the Binance VIP Key Account Coverage team via email (vip_loan@binance.com) or Telegram (@vip_loan_binance). 

  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Thanks for your support!

Binance Team

2023-05-10

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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.

Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.