Binance Launches Sixteenth Phase of Binance Lending Products

2020-03-02 02:56

Fellow Binancians,

Binance will launch the sixteenth phase of Binance Lending Products at 2020/03/02 12:00 PM (UTC), where 15-day fixed term lending products will be made available. Further details are below:

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2020/03/02 12:00 PM (UTC) to 2020/03/03 12:00 PM (UTC).
  • Interest Calculation Period: 2020/03/03 12:00 PM (UTC) to 2020/03/18 12:00 PM (UTC).
  • Interest Payout Time: Immediately after loan term matures.

Lending Product Details (

)

DigitalAsset

Term to Maturity

Total Subscription Cap

Individual Cap

Annualized Interest Rate

Lot Size

Interest Per Lot at Maturity

BUSD

15 days

35,000,000 BUSD

5,000,000 BUSD

15%

100 BUSD

0.61643 BUSD

USDT

15 days

35,000,000 USDT

5,000,000 USDT

10%

100 USDT

0.41095 USDT

Note:

Thanks for your support!

Binance Team

2020/03/02

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