Binance Loan (Flexible Rate) and Binance VIP Loan have introduced new loanable assets, giving users more options to collateralize cryptocurrencies and earn rewards. The latest additions include Avvo, BakeryToken, Beam, Athena, and many others. The announcement also highlights the features and benefits of Binance Loans (Flexible Rate) and encourages users to explore this open term loan product.
Binance, one of the leading cryptocurrency exchanges, has announced the addition of new loanable assets on Binance Loan (Flexible Rate) and Binance VIP Loan. This update provides users with a wide range of options to collateralize their cryptocurrencies and access instant loans.
Newly added loanable assets on Binance Loans (Flexible Rate) include Evo (AEVO), BakeryToken (BAKE), Beam (BEAMX), Athena (ENA), Ether.fi (ETHFI), Hedera (HBAR), IOTA (IOTA). Are included. Jupyter (JUP), Kadena (KDA), ORDI (ORDI), Pepe (PEPE), Pyth Network (PYTH), Synthetix (SNX), Celestia (TIA), VeChain (VET), Dogecoin (WIF), Xai (XAI) , and eCash (XEC).
Additionally, Binance VIP Loans has added Saga (SAGA) and Tensor (TNSR) as new loanable assets available exclusively to VIP users.
To ensure transparency and accurate information, users can refer to the Loan Data section on Binance for the latest interest rates and a complete list of loanable and collateralized assets.
To take advantage of these new loanable assets, users are encouraged to upgrade their Binance app to iOS v2.78.0 or Android v2.78.0, or later. Older app versions no longer support the placement of new Binance Loan (Flexible Rate) orders. For more details, users can view the official announcement on the Binance Support Center.
Binance Loan (Flexible Rate) is an open-term loan product that allows users to borrow cryptocurrency while collateralizing their assets against an existing Simply Earn Flexible Products subscription. This feature provides greater flexibility to users, as they do not need to commit to a specific loan tenure. Additionally, users can earn real-time APR rewards through Simple Earn flexible products when borrowing on Binance Loans (Flexible Rate). Loan rates are refreshed every minute, and users can place loan orders with a minimum of 1 USDT equivalent.
Binance VIP Loans, on the other hand, offers exclusive loanable assets to VIP users, providing them with additional options and benefits.
It is important to note that the availability of products and services may vary depending on the user’s region.
Binance continues to expand its offerings to meet the diverse needs of its users. By introducing new loanable assets on Binance Loan (Flexible Rate) and Binance VIP Loan, the exchange aims to provide a seamless and convenient lending experience to its users.
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