Fellow Binancians,
Binance has added BNB as a staking collateral asset on the Binance Loans platform. Loan orders with BNB as collateral will be staked to reduce interest.
Auto Top-Up Function
In addition, Binance Loans has launched the Auto Top-Up Function, allowing users to manage their loan positions smartly by automatically transferring the equivalent collateral assets to maintain their initial LTV (Loan to Value) from their spot wallets. The auto top-up will be triggered after you receive a margin call. Please ensure you have sufficient balances in your spot wallet.
To enable auto top-up, go to the [Asset Overview] tab in the Binance Loans webpage, and click the Auto Top-Up button on the upper right corner.
Please note that there is still a chance of being liquidated even with auto top-up due to extreme market movements.
Binance Loans provides a large range of options for supported crypto assets, interest rates, collateral assets, and maximum loanable limits based on market conditions and internal risk management.
If you are not yet familiar with Binance Loans, here are some useful resources for you to get started:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2022-06-09
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.