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Binance Launches Second Phase of Binance Lending Products
Binance
2019-09-03 02:32

Fellow Binancians,

Binance will launch the second phase of Binance Lending Products at 2019/09/04 6:00 AM (UTC) where 14-day and 28-day fixed term lending products will be made available. Further details are below: 

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2019/09/04 6:00 AM (UTC) to 2019/09/05 0:00 AM (UTC).
  • Interest Calculation Period: Starting from 2019/09/05 0:00 AM (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

USDT

14 days

20,000,000 USDT

1,000,000 USDT 

8%

100 USDT

0.306849 USDT

ETC

14 days

20,000 ETC

1,000 ETC

7%

1 ETC

0.002684 ETC

ADA

14 days

10,000,000 ADA

500,000 ADA

6%

1,000 ADA

2.301369 ADA

ETH

14 days

10,000 ETH

100 ETH

6%

1 ETH

0.002301 ETH 

BTC

14 days

1,000 BTC

10 BTC

3%

0.01BTC

0.00001151 BTC

BNB

28 days

200,000 BNB

100 BNB

10%

10 BNB

0.076712 BNB

USDT

28 days

10,000,000 USDT

500,000 USDT 

8.25%

100 USDT

0.632876 USDT

BTC

28 days

500 BTC

5 BTC

3.25%

0.01BTC

0.00002493 BTC

 

Example:

If User A subscribes to 10 lots of BNB (28 days) Lending (total lend of 100 BNB), the interest earned at maturity date will be 0.076712 BNB * 10 = 0.76712 BNB.

Note:

Thanks for your support!

Binance Team

2019/09/03

 

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