Binance Launches Sixteenth Phase of Binance Lending Products
Published on 2020-03-02 02:56
Fellow Binancians,
Binance will launch the sixteenth phase of Binance Lending Products at 2020/03/02 12:00 PM (UTC), where 15-day fixed term lending products will be made available. Further details are below:
- Subscription Format: First-come-first-served basis.
- Subscription Period: From 2020/03/02 12:00 PM (UTC) to 2020/03/03 12:00 PM (UTC).
- Interest Calculation Period: 2020/03/03 12:00 PM (UTC) to 2020/03/18 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 | 15 days | 35,000,000 BUSD | 5,000,000 BUSD | 15% | 100 BUSD | 0.61643 BUSD |
USDT | 15 days | 35,000,000 USDT | 5,000,000 USDT | 10% | 100 USDT | 0.41095 USDT |
Note:
- Refer here for the ;
- Please refer to prior to using any products on the Binance Lending platform.
Thanks for your support!
Binance Team
2020/03/02
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