Details of BOBA airdrop to OMG holders

Near the OMG airdrop BOBA, because the Binance leveraged platform does not require users to return the airdrop tokens obtained from borrowing OMG, it will adjust the leveraged lending interest rate according to market conditions at the time of the airdrop.

After the airdrop ends, the OMG leveraged loan interest rate will be adjusted to the regular interest rate level.

The specific leverage interest rate adjustment has been notified to relevant users by email in advance, and detailed information can be inquired on the Binance leverage data website.

In response to the user ’s question about the OMG loan interest rate, Binance now proposes the following plan, please borrow or repay according to your needs:

If the user before dropping repayment, currency security platform will be leveraged within 7 working days back also user interest rate adjustment period (eight districts in Eastern Time at 15:00 on November 11th, 2021 – at 08:00 on November 12, 2021) due Interest generated by borrowing OMG.

If the user returns the airdrop currency and OMG obtained from the loan within 48 hours after the end of the airdrop, the Binance Leverage Platform will refund the user within 7 working days during the interest rate adjustment period ( East Eighth District Time , November 11, 2021, 15:00- (08:00 on November 12, 2021) interest incurred from borrowing OMG.

If the user only repays the loaned OMG after the airdrop, he will need to bear the corresponding loan interest based on the Binance leveraged platform loan interest rate.

The lending rate is subject to the announcement on Binance’s leverage platform.

Note: After the airdrop is over, the currency price may fluctuate drastically. Users should pay attention to risk control, reduce borrowing and leverage ratios, and avoid liquidation or losses.

Go to Binance Official Website