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Binance Launches 18th Phase of Binance Lending Products

2020-03-24 06:22

Fellow Binancians,

Binance will launch the 18th phase of Binance Lending Products at 2020/03/24 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 2020/03/24 12:00  PM (UTC) to 2020/03/25 12:00 PM (UTC).
  • Interest Calculation Period: 2020/03/25 12:00  PM (UTC) to 2020/04/24 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

ARPA

30 days

10,000,000 ARPA

500,000 ARPA

15%

20,000 ARPA

246.575342

 ARPA

Note:

  • Amounts subscribed to Binance Lending products will not be able to receive their corresponding staking rewards;
  • 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

2020/03/24

 

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