Binance Launches Thirteenth Phase of Binance Lending Products

Published on 2020-02-07 11:44

Fellow Binancians,

Binance will launch the thirteenth phase of Binance Lending Products at 2020/02/10 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 2020/02/10 12:00  PM (UTC) to 2020/02/11 12:00 PM (UTC).
  • Interest Calculation Period: 2020/02/11 12:00  PM (UTC) to 2020/03/12 12:00 PM (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

BUSD

30 days

20,000,000 BUSD

5,000,000 BUSD

8%

100 BUSD

0.65753 BUSD

USDT

30 days

20,000,000 USDT

5,000,000 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 . Users will not earn any additional staking rewards while participating in Lending Products.

Thanks for your support!

Binance Team

2020/02/07

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