COTI, DREP and ERD Added to Savings Products on Binance

2020-06-24 12:34

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 (

)

Supported Asset

Total Limit

COTI

15,000,000 COTI

Locked Savings Product Details (

)

DigitalAsset

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 (

)

  • 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.

DigitalAsset

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
ERD

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 prior to using any products on the Binance Savings platform.

Thanks for your support!

Binance Team

2020/06/24

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