Binance, the largest exchange in the world in terms of daily trading volume of cryptocurrencies, declared that it has added Mines of Dalarnia (DAR), Gala (GALA), Illuvium (ILV), MOBOX (MBOX), The Sandbox (SAND), and Alien Worlds (TLM) as borrowable assets and the same list of tokens mentioned above except The Sandbox (SAND) as collateral assets on the Binance Loans platform.
The company shared further details about the promotion of the stable coin via an official blog post and said that users while borrowing BUSD on the Binance Loans platform could enjoy a discounted daily interest rate of 0.04%, using collaterals other than CAKE, CTSI, DOT, KSM or MDX.
Moreover, the daily interest rate for PancakeSwap (CAKE), Cartesi (CTSI), Polkadot (DOT), Kusama (KSM) and Mdex (MDX) goes as low as 0%, 0.0013%, 0.0284%, 0.0258%, 0.0037%, respectively as collateral.
However, when borrowing USDT on the Binance Loans platform, a discounted daily interest rate of 0.06% will be offered to users.
According to the company:
“Binance Loans provides a large range of options for supported crypto assets, interest rates, collateral assets, and maximum loanable limits based on market conditions and internal risk management.”
The company further notified its users that BNB holdings in Crypto Loans from now onwards would count toward the calculation of daily BNB balance.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
