Binance Launches Fifth Phase of Binance Lending Products

2019-09-17 09:23

Fellow Binancians,

Binance will launch the fifth phase of Binance Lending Products at 2019/09/20 6:00 AM (UTC), where 14-day fixed term lending products will be made available. Further details are below:

Subscription Format: First-come-first-served basis.
Subscription Period: From 2019/09/20 6:00 AM (UTC) to 2019/09/21 0:00 AM (UTC).
Interest Calculation Period: 2019/09/20 6:00 AM (UTC) to 2019/10/04 6:00 AM (UTC).
Interest Payout Time: Immediately after loan term matures.

Lending Product Details (Subscribe now)

Digital Asset	Term to Maturity	Total Subscription Cap	Individual Cap	Annualized Interest Rate	Lot Size	Interest Per Lot at Maturity
XMR	14 days	30,000 XMR	300 XMR	3.5%	1 XMR	0.001342 XMR
ZEC	14 days	60,000 ZEC	600 ZEC	3.5%	1 ZEC	0.001342 ZEC
DASH	14 days	30,000 DASH	300 DASH	3.5%	1 DASH	0.001342 DASH

Note:

BNB balances committed into Lending products will be included in each user’s daily BNB balance calculations for Binance Launchpad and other daily calculations as mentioned in the Daily BNB Balance Calculation Mechanism Update.
Refer here for the Binance Lending User Guide;
Please refer to Binance Terms of Use prior to using any products on the Binance Lending platform.

Thanks for your support!

Binance Team

2019/09/17

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