On Monday (23 September 2019), Binance announced the upcoming launch of phase six of the Binance Lending platform, which was launched on August 28.
According to Binance’s announcement, at 06:00 UTC on 25 September 2019, the following 14-day fixed-term lending products will become available:
The subscription period is from 06:00 UTC on September 25 to 00:00 UTC on September 26, and the format is “first-come-first-served”. The interest calculation period begins at 06:00 UTC on September 25 and ends at 06:00 UTC on October 9. The interest will be paid out as soon as the loan term matures.
As the Binance Team has repeatedly pointed out since the day that the Binance Lending platform was announced, “BNB balances committed into Lending products will be included in each user’s daily BNB balance calculations for Binance Launchpad and other daily calculations.”
Featured Image and Lending Information Table Courtesy of Binance
