Binance Loans (Flexible Rate) and Binance VIP Loan have introduced new loanable assets, giving users more opportunities to secure cryptocurrencies and earn rewards. The latest additions include Aevo, BakeryToken, Beam, Athena and many more. The announcement also highlights the features and benefits of Binance Loans (Flexible Rate) and encourages users to explore this open loan product.
Binance, one of the leading cryptocurrency exchanges, announced the addition of new loan assets in Binance Loans (Flexible Rate) and Binance VIP Loan. This update offers users a wider range of options to secure their cryptocurrencies and access instant loans.
Newly added loan assets on Binance Loans (Flexible Rate) include Aevo (AEVO), BakeryToken (BAKE), Beam (BEAMX), Athena (ENA), ether.fi (ETHFI), Hedera (HBAR), IOTA (IOTA), Jupiter ( JUP), Kadena (KDA), ORDI (ORDI), Pepe (PEPE), Pyth Network (PYTH), Synthetix (SNX), Celestia (TIA), VeChain (VET), dogwifhat (WIF), Xai (XAI) and eCash (XEC).
In addition, Binance VIP Loan has added Saga (SAGA) and Tensor (TNSR) as new loan 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 loan and collateral assets.
To take advantage of these new loan assets, users are encouraged to upgrade their Binance app to iOS v2.78.0 or Android v2.78.0 or later. Older versions of the app no longer support placing new orders for Binance Loans (Flexible Rate). For more details, users can refer to the official announcement on the Binance support center.
Binance Loans (Flexible Rate) is an open term loan product that allows users to borrow cryptocurrencies while securing their assets in existing Simple Earn Flexible Products subscriptions. This feature gives users more flexibility as they are not required to commit to a specific loan term. Additionally, users can earn real-time APR rewards through Simple Earn flexible products while taking out loans from Binance Loans (Flexible Rate). Loan rates are updated every minute and users can place a loan order with a minimum of 1 USDT equivalent.
Binance VIP Loan, on the other hand, offers exclusive loan assets for 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 loan assets in Binance Loans (Flexible Rate) and Binance VIP Loan, the exchange aims to provide a seamless and convenient borrowing experience to its users.
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