Binance Launches Seventeenth Phase of Binance Lending Products
Published on 2020-03-09 05:56
Fellow Binancians,
Binance will launch the seventeenth phase of Binance Lending Products at 2020/03/09 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 2020/03/09 12:00 PM (UTC) to 2020/03/10 12:00 PM (UTC).
- Interest Calculation Period: 2020/03/10 12:00 PM (UTC) to 2020/04/09 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 | 50,000,000 BUSD | 10,000,000 BUSD | 15% | 100 BUSD | 1.23287 BUSD |
USDT | 30 days | 50,000,000 USDT | 10,000,000 USDT | 12% | 100 USDT | 0.9863 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
2020/03/09
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