This Tuesday, the Binance cryptocurrency exchange announced the launch of the second phase of the Binance Lending program, in which users are given the opportunity to transfer their assets to finance margin positions for a set percentage.
The second stage of Binance Lending starts on September 4 at 06:00 UTC. In addition to Binance Coin, USDT and Ethereum Classic, users are now invited to invest in bitcoins, Ethereum and Cardano.
At the same time, the terms of deposits and interest payouts for some assets were changed. BNB, for example, can now be invested for 28 days at an interest rate of 10% per year, whereas at the previous stage the conditions assumed 14 days and 15%, respectively. Similarly, the offer for USDT was changed.
Binance Lending Product Details
Earlier, Binance promised to make adjustments to the Binance Lending program according to user demand, which was reflected at the new stage. At the same time, the product for Ethereum Classic, which is proposed to be provided for 14 days at 7% per annum, has not been changed.