Binance Launches Fourth Phase of Binance Lending Products

BinanceIssued on 2019/09/16 11:04    Content based on the original text . Link

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)

Digital Asset

Term to Maturity

Total Subscription Cap

Individual Cap

Annualized Interest Rate

Lot Size

Interest Per Lot at Maturity

BNB

14 days

100,000 BNB

500 BNB

10%

10 BNB

0.038356 BNB

BNB

14 days

1,000,000 BNB

500 BNB

6%

10 BNB

0.023013 BNB

BTC

14 days

2,000 BTC

20 BTC

3%

0.01 BTC

0.00001151 BTC

ETH

14 days

15,000 ETH

150 ETH

6%

1 ETH

0.002301 ETH

ETC

14 days

20,000 ETC

1,000 ETC

7%

1 ETC

0.002684 ETC

USDT

14 days

20,000,000 USDT

5,000,000 USDT 

10%

100 USDT

0.383561 USDT

 

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:

Thanks for your support!

Binance Team

2019/09/16

 

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