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:

Thanks for your support!

Binance Team

2020/03/09

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