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Binance Adds INJ, HOT, RVN and More as New Loanable Assets on VIP Loan & Flexible Loan

source-logo  binance.com 26 April 2023 04:55, UTC

Fellow Binancians,

Binance has added INJ, HOT, RVN, MANA, TWT, GAL, REEF, PORTO, LRC, BEL, DENT, SPELL, ALPINE, API3, UMA and BSW as new loanable assets on VIP Loan, and INJ, HOT, RVN, GAL, REEF, PORTO, LRC, BEL, DENT, SPELL, ALPINE, API3, UMA and BSW as new loanable assets on Flexible Loan. Please refer to VIP Loan and Loan Data for the latest interest rates and a full list of loanable and collateral assets.

What Is Binance VIP Loan?

Binance VIP Loan is a large personal and institutional over-collateralized loan service with competitive rates, terms, and services. Users may use Binance VIP Loan to unlock greater potential in objectives, such as greater liquidity for long-term investment funds, leveraged trading, and hedging strategies.

Get Started with Binance VIP Loan Today

What Is Binance Flexible Loan?

Binance Flexible Loan is an isolated, overcollateralized, open-term loan product.

Each loan position must be overcollateralized, meaning the value of collateral pledged by the user is more than the value of the digital assets advanced to the user.

Since Binance Flexible Loans are open-term, users may keep their positions open indefinitely as long as this product supports the loaned and collateral digital assets, and the relevant Loan-to-Value (LTV) ratios are not exceeded.

Binance Flexible Loan uses users’ Simple Earn Flexible Product assets as collateral. These assets continue to earn Real-Time APR rewards while being collateralized, which allows for smoother LTV management and reduced interest costs.

Get Started with Binance Flexible Loan Today

Notes:

  • Visit the Binance VIP Loan, Flexible Loan or Simple Earn Flexible Product FAQs to learn more. Users who are interested in VIP Loan may also get in touch with the Binance VIP Key Account Coverage team via email (vip_loan@binance.com) or Telegram (@vip_loan_binance) for more information.

  • Terms and conditions for Binance Flexible Loan and Simple Earn apply.

  • Where any discrepancy arises between thetranslated versions and the original English version, the English version shall prevail.

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