Binance Launches Fifth Phase of Binance Lending Products
Published on 2019-09-17 09:23
Fellow Binancians,
Binance will launch the fifth phase of Binance Lending Products at 2019/09/20 6:00 AM (UTC), where 14-day fixed term lending products will be made available. Further details are below:
- Subscription Format: First-come-first-served basis.
- Subscription Period: From 2019/09/20 6:00 AM (UTC) to 2019/09/21 0:00 AM (UTC).
- Interest Calculation Period: 2019/09/20 6:00 AM (UTC) to 2019/10/04 6:00 AM (UTC).
- Interest Payout Time: Immediately after loan term matures.
Lending Product Details (
)DigitalAsset | Term to Maturity | Total Subscription Cap | Individual Cap | Annualized Interest Rate | Lot Size | Interest Per Lot at Maturity |
XMR | 14 days | 30,000 XMR | 300 XMR | 3.5% | 1 XMR | 0.001342 XMR |
ZEC | 14 days | 60,000 ZEC | 600 ZEC | 3.5% | 1 ZEC | 0.001342 ZEC |
DASH | 14 days | 30,000 DASH | 300 DASH | 3.5% | 1 DASH | 0.001342 DASH |
Note:
- BNB balances committed into Lending products will be included in each user’s daily BNB balance calculations for Binance Launchpad and other daily calculations as mentioned in the.
- Refer here for the ;
- Please refer to prior to using any products on the Binance Lending platform.
Thanks for your support!
Binance Team
2019/09/17
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