Binance Launches Seventeenth Phase of Binance Lending Products

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Binance Launches Seventeenth Phase of Binance Lending Products

2020-03-09 05:56

Fellow Binancians,

Binance will launch the seventeenth phase of Binance Lending Products at 2020/03/09 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 2020/03/09 12:00 PM (UTC) to 2020/03/10 12:00 PM (UTC).
Interest Calculation Period: 2020/03/10 12:00 PM (UTC) to 2020/04/09 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	30 days	50,000,000 BUSD	10,000,000 BUSD	15%	100 BUSD	1.23287 BUSD
USDT	30 days	50,000,000 USDT	10,000,000 USDT	12%	100 USDT	0.9863 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

2020/03/09

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