Binance Launches Eleventh Phase of Binance Lending Products

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Binance Launches Eleventh Phase of Binance Lending Products

2020-01-17 10:44

Fellow Binancians,

Binance will launch the eleventh phase of Binance Lending Products at 2020/01/20 12:00 PM (UTC), where 30-day fixed term lending products will be made available. Further details are below:

Subscription Format: First-come-first-served basis.
Subscription Period: From 2020/01/20 12:00 PM (UTC) to 2020/01/21 12:00 PM (UTC).
Interest Calculation Period: 2020/01/21 12:00 PM (UTC) to 2020/02/20 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
USDT	30 days	30,000,000 USDT	1,000,000 USDT	6%	100 USDT	0.49315 USDT
ERD	30 days	500,000,000 ERD	25,000,000 ERD	15%	50,000 ERD	616.4383 ERD

Note:

ERD holders can earn rewards via our Lending Product supported by Elrond pre-staking. Users will not earn any additional staking rewards while participating in Lending Products.
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

2020/01/17

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