Binance Lending products include XRP, LTC, ETC, BNB, USDC, USDT

binance lending

Binance has launched third phase of Binance Lending products where you can lend products for upto 14 days and earn interest. You can lend Ripple (xrp), Litecoin (ltc), Ethereum Classic (etc), Binance Coin (bnb), USD Coin (USDC) and USD Tether (USDT). Subscription format is based on first come first serve basis and this period starts from 2019/09/11 6:00 AM (UTC) to 2019/09/12 0:00 AM (UTC).

Interest calculation period is from 2019/09/11 6:00 AM (UTC) to 2019/09/25 6:00 AM (UTC). Interest payout time is immediately after loan term matures.

For example, if Tom subscribes to 10 lots of binance coin (BNB) lending (100 BNB), then he will be able to earn total of 0.38356 BNB as interest. BNB balances committed into Lending products will be included in each user’s daily BNB balance calculations for Binance Launchpad and other daily calculations as mentioned in the Daily BNB Balance Calculation Mechanism Update.

 

Digital Asset

Term to Maturity

Total Subscription Cap

Individual Cap

Annualized Interest Rate

Lot Size

Interest Per Lot at Maturity

BNB

14 days

200,000 BNB

500 BNB

10%

10 BNB

0.038356 BNB

ETC

14 days

30,000 ETC

1,500 ETC

7%

1 ETC

0.002684 ETC

LTC

14 days

6000 LTC

300 LTC

7%

1 LTC

0.002684 LTC

XRP

14 days

1,000,000 XRP

50,000 XRP

7%

100 XRP

0.268493 XRP

USDC

14 days

2,000,000 USDC

500,000 USDC

7%

100 USDC

0.268493 USDC

USDT

14 days

20,000,000 USDT

5,000,000 USDT

10%

100 USDT

0.383561 USDT

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