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COTI, DREP and ERD Added to Savings Products on Binance
Binance
2020-06-24 12:34

Fellow Binancians,

Binance has added COTI, DREP and ERD to the list of supported assets on Savings, a value-added service to Binance users who hold idle digital assets.

Flexible Savings Product Details (Subscribe now)

Supported Asset

Total Limit

COTI

15,000,000 COTI

Locked Savings Product Details (Subscribe now)

Digital Asset

Term to Maturity

Total Cap

Individual Cap

Annualized Interest Rate

Lot Size

Interest Per Lot at Maturity

DREP

7 days

800,000,000 DREP

10,000,000

DREP

12%

10,000 DREP

23.014 DREP

DREP

14 days

400,000,000 DREP

10,000,000

DREP

16%

10,000 DREP

61.370 DREP

New users registered on Binance from 2020/06/24 12:00 PM (UTC) to 2020/07/01 12:00 PM (UTC) will enjoy an additional 6% APR reward on DREP's 7-day savings product. The extra reward will be distributed within 2 weeks after maturity.

Savings Activity Product Details (Subscribe now)

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2020/06/24 12:00  PM (UTC) to 2020/06/25 12:00  PM (UTC).
  • Interest Calculation Period: 2020/06/25 12:00 PM (UTC) to the end of each respective product period.

Digital Asset

Term to Maturity

Total Cap

Individual Cap

Annualized Interest Rate

Lot Size

Interest Per Lot at Maturity

ERD

7 days

150,000,000 ERD

5,000,000 ERD

10%

200,000 ERD

383.561643 ERD

ERD

14 days

150,000,000 ERD

5,000,000
ERD

12%

200,000 ERD

920.547936 ERD

Note:

  • Amounts subscribed to Binance Savings products will not be able to receive corresponding staking rewards.
  • Subscriptions will close on a certain product once the maximum limit is reached.
  • Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management.
  • Please refer to Binance Terms of Use prior to using any products on the Binance Savings platform.

Thanks for your support!

Binance Team

2020/06/24

 

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