Binance Staking and Loan Launches Regular Loan Product
2024-09-05 07:18
Odaily News According to the official announcement, Binance's pledged lending platform has launched a regular lending product. Regular lending is an innovative fixed-term lending service, and users can set their own interest rates. Binance's regular lending provides users with a regular lending service with predictable costs/returns (for stablecoins). Users can set their own interest rates and lock in the cost of borrowing and the income from lending for a fixed period. The platform can effectively match the needs of borrowers and lenders. The regular lending platform adopts an over-collateralization system and supports multi-asset collateral to reduce the liquidation risk of borrowers. At the same time, the platform also has efficient automated processes, including automatic repayment and automatic renewal functions.
Download Odaily App
Let Some People Understand Web3.0 First
