Fellow Binancians,
Binance will launch our Lending Platform at 2019/08/28 6:00 AM (UTC), as a value-added service to Binance users who hold idle digital assets.
About Binance Lending
With Lending, Binance users will be able to grow their funds by earning interest income for lending out their holdings over a specific period of time.
In the first phase of the Lending launch, 14-day fixed term BNB, USDT and ETC lending products will be made available, with further details below:
Lending Table (Subscribe now)
Digital Asset |
Total Subscription Cap |
Individual Cap |
Annualized Interest Rate |
Lot Size |
Interest Per Lot at Maturity |
BNB |
200,000 BNB |
500 BNB |
15% |
10 BNB |
0.057534 BNB |
USDT |
10,000,000 USDT |
1,000,000 USDT |
10% |
100 USDT |
0.383561 USDT |
ETC |
20,000 ETC |
1,000 ETC |
7% |
1 ETC |
0.002685 ETC |
Example:
If User A subscribes to 10 lots of BNB Lending (total lend of 100 BNB), the interest earned at maturity date will be 0.057534 BNB x 10 = 0.57534 BNB.
More Information:
Note:
BNB balances committed into Lending products will be included in each userâs daily BNB balance calculations for Binance Launchpad and other daily calculations as mentioned in the Daily BNB Balance Calculation Mechanism Update.
Thanks for your support!
Binance Team
2019/08/26
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