New Loanable Assets on Binance Loans (Flexible Rate) and VIP Loan
Binance has introduced new loanable assets for its Flexible Rate Loans and VIP Loan services, expanding borrowing options for users.
New Loanable Assets
1. Binance Loans (Flexible Rate):
Vana (VANA)
2. VIP Loan:
Simon's Cat (1000CAT)
Pudgy Penguins (PENGU)
Vana (VANA)
Key Information
Binance Loans (Flexible Rate)
This service allows users to borrow cryptocurrencies without a fixed loan term while collateralizing assets in existing Simple Earn Flexible Products.
Benefits:
Flexible repayment terms.
Earn Real-Time APR rewards on collateralized assets.
Dynamic interest rates updated every minute.
Requirements:
Minimum loan order: 1 USDC equivalent.
Updated Binance app version (iOS v2.78.0/Android v2.78.0 or later) is required for placing new loan orders.
VIP Loan
The VIP Loan service caters to personal and institutional clients looking for large, over-collateralized loans.
Use Cases:
Unlocking liquidity for long-term investments.
Leveraged trading opportunities.
Advanced hedging strategies.
Advantages:
Competitive interest rates and flexible terms.
Access to exclusive VIP services.
For further assistance, users interested in VIP Loans can contact the Binance VIP Key Account Coverage Team via email at vip_loan@binance.com.
How to Get Started
Binance Loans (Flexible Rate):
Borrow cryptocurrency with the flexibility of open-term loans while keeping your assets working for you in Simple Earn Flexible Products.
VIP Loan:
Unlock the potential of large-scale investments with tailored loan terms and competitive rates.
For more details, refer to the following resources:
Binance Loans (Flexible Rate) FAQ
Binance VIP Loan FAQ
Binance Loans Service Terms
Take advantage of these new features to enhance your investment strategies today!
Disclaimer: Products and services may vary by region. Always refer to the original Binance announcement for accurate information.
