• Market Cap
    $371.542B -0.19%
  • POW Market Cap
    $283.144B 2.89%
  • POS Market Cap
    $19.294B 0.54%
  • Masternodes Market Cap
    $1.210B 0.58%

Binance Lending Fifth Phase will start on September 20

By Inkarias - 2019-09-18

Binance announced in late august the launch of their new program, Binance Lending , which opened on Aug. 28, on a first-come, first-served basis. Initially, users were only able to lend their U.S. dollar-pegged USDT, ethereum classic (ETC) and Binance’s BNB cryptocurrency in order to earn interest, payable from Aug. 29 to Sept. 11.
Binance is launching the fifth phase of Binance Lending Products at 2019/09/20 6:00 AM (UTC), where 14-day fixed term lending products will be made available.
Each product is listed with some criterias :
  • Lot Size: Price per lot.
  • Maximum Subscription: Maximum lots to purchase
  • Coupon Per Lot: Interest per lot after redemption.
  • Value date: The day where interest calculation starts.
  • Redemption Date: The day of distribution of the interest and the equity.

Terms

Subscription Format : First-come-first-served basis
  • Subscription Period: From 2019/09/20 6:00 AM to 2019/09/21 0:00 AM
  • Interest Calculation Period: 2019/09/20 6:00 AM to 2019/10/04 6:00 AM
  • Interest Payout Time : The interest payout time will take place immediately after the loan term matures.
The list of assets below regroup privacy oriented coins and will be directly available for all users at the launch but remains limited to certain terms.
Digital AssetMaturityTotal Subscription CapIndividual CapAnnualized Interest RateLot SizeInterest Per Lot
XMR14 days30,000 XMR300 XMR3.5%1 XMR0.001342 XMR
ZEC14 days60,000 ZEC600 ZEC3.5%1 ZEC0.001342 ZEC
DASH14 days30,000 DASH300 DASH3.5%1 DASH0.001342 DASH

Note

  • BNB balances committed into Lending products will be included in each user’s daily BNB balance calculations for Binance Launchpad:
The formula associated with the calculations is the following : Total Daily Average BNB Balance = Daily Average Spot Account Balance + Daily Average Margin Account Balance + Daily Average Sub-accounts Balance + Daily Average Binance Lending Account Balance.
For a complete guide about how to use the platform and services, you can visit https://www.binance.com/en/support/articles/360032509372 for more information.