Binance Launches Thirteenth Phase of Binance Lending Products

     |      2020-02-07

Fellow Binancians,

Binance will launch the thirteenth phase of Binance Lending Products at 2020/02/10 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 2020/02/10 12:00  PM (UTC) to 2020/02/11 12:00 PM (UTC).
  • Interest Calculation Period: 2020/02/11 12:00  PM (UTC) to 2020/03/12 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

20,000,000 BUSD

5,000,000 BUSD

8%

100 BUSD

0.65753 BUSD

USDT

30 days

20,000,000 USDT

5,000,000 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.

Thanks for your support!

Binance Team

2020/02/07

 

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