Binance Launches Fourth Phase of Binance Lending Products

Fellow Binancians,

Binance will launch the fourth phase of Binance Lending Products at 2019/09/18 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 2019/09/18 6:00 AM (UTC) to 2019/09/19 0:00 AM (UTC).
• Interest Calculation Period: 2019/09/18 6:00 AM (UTC) to 2019/10/02 6:00 AM (UTC).
• Interest Payout Time: Immediately after loan term matures. 

Lending Product Details (Subscribe now)

Example:

If User A subscribes to 10 lots of BNB (14 days) Lending (total lend of 100 BNB), the interest earned at maturity date will be 0.038356 BNB *10 = 0.38356 BNB.

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

2019/09/16

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