Binance Launches Sixteenth Phase of Binance Lending Products

2020-03-02 02:56

Fellow Binancians,

Binance will launch the sixteenth phase of Binance Lending Products at 2020/03/02 12:00 PM (UTC), where 15-day fixed term lending products will be made available. Further details are below:

Subscription Format: First-come-first-served basis.
Subscription Period: From 2020/03/02 12:00 PM (UTC) to 2020/03/03 12:00 PM (UTC).
Interest Calculation Period: 2020/03/03 12:00 PM (UTC) to 2020/03/18 12:00 PM (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
BUSD	15 days	35,000,000 BUSD	5,000,000 BUSD	15%	100 BUSD	0.61643 BUSD
USDT	15 days	35,000,000 USDT	5,000,000 USDT	10%	100 USDT	0.41095 USDT

Note:

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

2020/03/02

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