Binance Loan platform adds CAKE, a borrowable Asset, and launches Interest Promotions.
Binance Loan platform has added CAKE, a borrowable asset, and launched interest preferential activities, such as: borrowing BTC, BUSD, ETH, etc. to enjoy preferential interest rates.
This promotion runs from 19:00 on June 27, 2022 to 19:00 on July 27, 2022 (East Eighth District time).
For the preferential interest rate during the event, please refer to the Staking and Loan Information page.
The following table will take the preferential interest rate for users borrowing BUSD on Binance Loan platform during the event as an example:
| VIP level | Original rate | New rate |
|---|---|---|
| General user | Hourly rate: 0.001% Daily interest rate: 0.025% |
Hourly rate: 0.0004% Daily interest rate: 0.0100% |
| VIP 1 | Hourly rate: 0.001% Daily interest rate: 0.0238% |
Hourly rate: 0.0004% Daily interest rate: 0.0095 % |
| VIP 2 | Hourly rate: 0.0009% Daily interest rate: 0.0225% |
Hourly rate: 0.0004% Daily interest rate: 0.0090% |
| VIP 3 | Hourly rate: 0.0009% Daily interest rate: 0.0213% |
Hourly rate: 0.0004% Daily interest rate: 0.0085% |
| VIP 4 | Hourly rate: 0.0008% Daily interest rate: 0.0200% |
Hourly rate: 0.0003% Daily interest rate: 0.0080% |
| VIP 6 | Hourly rate: 0.0007% Daily interest rate: 0.0175% |
Hourly rate: 0.0003% Daily interest rate: 0.0070% |
| VIP 7 | Hourly rate: 0.0007% Daily interest rate: 0.0163% |
Hourly rate: 0.0003% Daily interest rate: 0.0065% |
| VIP 8 | Hourly rate: 0.0006% Daily interest rate: 0.0150% |
Hourly rate: 0.0003% Daily interest rate: 0.0060% |
| VIP 9 | Hourly rate: 0.0006% Daily interest rate: 0.0138% |
Hourly rate: 0.0002% Daily interest rate: 0.0055% |
Binance will dynamically adjust parameters such as borrowable currency / pledge currency / interest rate / maximum borrowable amount according to the actual market operation and risk level.
Binance reserves the right to modify or change interest rates at any time and for any reason in its sole discretion and without prior notice.
Go to Binance Official Website
Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
Binance official website is here.
Please click "Introduction of Binance", if you want to know the details and the company information of Binance.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...