Binance Launches 21st Phase of Binance Savings Products

binanceIssued on 2020/06/02 20:05    Content based on the original text . Link

Fellow Binancians,

Binance will launch the 21st phase of Binance Savings Products at 2020/06/02 12:00 PM (UTC), where 7-day fixed-term locked savings products will be made available. Further details are below: 

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2020/06/02 12:00  PM (UTC) to 2020/06/03 12:00  PM (UTC).
  • Interest Calculation Period: 2020/06/03 12:00 PM (UTC) to the end of each respective product period.
  • Interest Payout Time: Immediately after loan term matures. 

Savings Product Details (Subscribe now)

Digital Asset

Term to Maturity

Total Subscription Cap

Individual Cap

Annualized Interest Rate

Lot Size

Interest Per Lot at Maturity

MATIC

7-day

200,000,000 MATIC

2,000,000 MATIC

10%

5,000 MATIC

9.589041 MATIC

Note:

  • Amounts subscribed to Binance Savings products will not be able to receive their corresponding staking rewards;
  • Refer here for the Binance Savings User Guide;
  • Please refer to Binance Terms of Use prior to using any products on the Binance Savings platform.

Thanks for your support!

Binance Team

2020/06/02

 

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