USDC and ERD Added to Savings Products on Binance

2020-08-07 09:56

Fellow Binancians,

Binance has added USDC and ERD to the list of supported assets on Savings, a value-added service to Binance users who hold idle digital assets.

Flexible Savings Product Details (Subscribe now)

Supported Asset	Total Limit
USDC	200,000,000 USDC

Savings Activity Product Details (Subscribe now)

Subscription Format: First-come-first-served basis.
Subscription Period: From 2020/08/07 12:00 PM (UTC) to 2020/08/08 12:00 PM (UTC).
Interest Calculation Period: 2020/08/08 12:00 PM (UTC) to the end of each respective product period.

Digital Asset	Term to Maturity	Total Cap	Individual Cap	Annualized Interest Rate	Lot Size	Interest Per Lot at Maturity
ERD	7 days	150,000,000 ERD	5,000,000 ERD	10%	200,000 ERD	383.561643 ERD
ERD	14 days	150,000,000 ERD	5,000,000 ERD	12%	200,000 ERD	920.547936 ERD

Note：

Amounts subscribed to Binance Savings products will not be able to receive corresponding staking rewards.
Subscriptions will close on a certain product once the maximum limit is reached.
Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management.
Please refer to Binance Terms of Use prior to using any products on the Binance Savings platform.

Thanks for your support!

Binance Team

2020/08/07

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