Binance Announced Lending Program, Get 15% Annually Return on BNB

On Aug 26, 2019

The leading Cryptocurrency exchange Binance announced today it’s lending program. Users can now earn crypto assets by taking part in the lending program.

Binance users can grow their crypto assets by earnings interest for lending their coins over a specific time period.

The lending program initially supported three coins: Binance coin (BNB), USDT, Ethereum Classic (ETC).

For the first phase a 14- days fix time period is set for all the three lending program, the interest details are given below:

Annually interest rate for BNB is 15%
Annually interest rate for USDT is 10%
Annually interest rate for ETC is 7%
The subscription period is From 2019/08/28 6:00 AM (UTC) to 2019/08/29 0:00 AM (UTC).
Maturity period: 14-days
Interest calculation period: From 2019/08/29 0:00 AM (UTC) to 2019/09/10 23:59 PM (UTC).
Subscription format: first come first serve

Subscription link

Binance Announced Lending Program, Get 15% Annually Return on BNB 1

Example:

If User A subscribes to 10 lots of BNB Lending (total lend of 100 BNB), the interest earned at maturity date will be 0.057534 BNB x 10 = 0.57534 BNB.

Important information

Binance will announce the annual interest rate after seeing the results of initial phase.

More lending products will be added in future.

Binance holdings locked in the lending period will also be included in user’s BNB holdings for calculations of Binance Launchpad lottery tickets.

If a user lends 100 BNB and not have any balance then the 100 BNB also calculated in the Binance Launchpad lottery and user will get the relevant tickets.