Binance Launches Eleventh Phase of Binance Lending Products

Published on 2020-01-17 10:44

Fellow Binancians,

Binance will launch the eleventh phase of Binance Lending Products at 2020/01/20 12:00 PM (UTC), where 30-day fixed term lending products will be made available. Further details are below:

Subscription Format: First-come-first-served basis.
Subscription Period: From 2020/01/20 12:00 PM (UTC) to 2020/01/21 12:00 PM (UTC).
Interest Calculation Period: 2020/01/21 12:00 PM (UTC) to 2020/02/20 12:00 PM (UTC).
Interest Payout Time: Immediately after loan term matures.

Lending Product Details (

Subscribe now

)

DigitalAsset	Term to Maturity	Total Subscription Cap	Individual Cap	Annualized Interest Rate	Lot Size	Interest Per Lot at Maturity
USDT	30 days	30,000,000 USDT	1,000,000 USDT	6%	100 USDT	0.49315 USDT
ERD	30 days	500,000,000 ERD	25,000,000 ERD	15%	50,000 ERD	616.4383 ERD

Note:

ERD holders can earn rewards via our Lending Product supported by
Elrond pre-staking
. Users will not earn any additional staking rewards while participating in Lending Products.
Refer here for the
Binance Lending User Guide
;
Please refer to
Binance Terms of Use
prior to using any products on the Binance Lending platform.

Thanks for your support!

Binance Team

2020/01/17

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