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Binance Lending Platform Introduces 'Flexible Deposits' for BNB, BTC, and BUSD

cryptoglobe

7mon ago

On Wednesday (23 October 2019), Binance announced the upcoming launch of a new "trial phase"—Flexible Deposits—of the Binance Lending platform (which was launched on August 28).

According to Binance's announcement, from 12:00 UTC on 23 October 2019, Flexible Deposits will be available for BNB, BTC, and BUSD "as a value-added service to Binance users who hold idle digital assets."

There are two things to keep in mind:

Flexible Deposits "provide lenders with the flexibility to redeem funds lent out before the maturity date."

Each subscription day starts at 00:10 UTC and ends at 23:50 UTC. Your cryptoassets will be locked until 23:50 UTC of the subscription day if you choose to subscribe that day. You will receive interest on a daily basis (this starts at 00:00 UTC on the 3rd day after the subscription day).

Featured Image and Flexible Deposits Table Courtesy of Binance

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