Binance has launched an exciting promotion to celebrate the launch of Fixed Rate Loans.

This campaign offers improved liquidity options for borrowers and suppliers, while giving participants the opportunity to win token coupons worth 799 USDC and 100 USDC.

The campaign will run between 19 September 2024, 05:00 (UTC) – 11 October 2024, 23:59 (UTC).

During the campaign, when users borrow a total of at least $200,000 in Fixed Rate Loans, they will be ranked by their loan amount in USD equivalent.

The first ten participants will have a chance to win token vouchers worth 799 USDC each. Eligible debit orders can be borrowing from existing supply orders or placing a new matching debit order.

During the promotional period, users who complete at least one supply order in Fixed Rate Loans will be ranked based on their supply quantity in USD equivalent.

The first 30 participants will receive token vouchers worth 100 USDC each. Eligible supply orders are designated as supplying existing debit orders or placing a new matching supply order.

How Do Binance Fixed Interest Loans Work?

Users can make transactions by determining their orders and setting collateral to borrow from Fixed Interest Loans.

When confirmed orders are matched, the borrowed amount is transferred to the Spot Wallet. It is also stated that the loan must be repaid in full before its due date.

Users who will make purchases learn that after placing and confirming their orders, the funds they provide will be transferred from the Spot Wallet and the earnings will begin to accumulate as soon as the match is made.

When the loan expires, the loaned assets and the proceeds are delivered to Spot Wallet within 24 hours.

This campaign offers attractive opportunities for both borrowers and providers, while allowing users to gain greater liquidity in the Binance ecosystem.

For more information about the details and participation conditions of Fixed Interest Loans, you can visit Binance’s official website.