Binance Loans Adds Collateral Assets AVAX & SOL, Launches Tiered Interest Rates
www.binance.com 07 January 2022 10:46, UTC
Reading time: ~2 m
Binance Loans has added AVAX and SOL as collateral assets, and launched tiered interest rates based on users’ VIP levels. Users with higher VIP levels will enjoy lower interest rates.
For the interest rates of the corresponding VIP levels, please refer to the loanable assets on Loan Data Page.
Note: SOL collateral can also be used for staking.
If you’re not yet familiar with Binance Loans, here are some useful resources for you to get started:
- How to Use the Binance Loans Service
- Binance Loans User Manual
- Binance Loans User Agreement
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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