According to the announcement from Binance, the platform has introduced new lendable assets and collateral for its VIP loan. The newly added lendable assets include Towns (TOWNS) and Succinct (PROVE), while RWUSD has been added as a collateral asset. RWUSD is described as a capital-protected yield product that offers flexible duration subscriptions and daily APR rewards. These rewards are derived from the income of the Binance system and may be backed by innovative real-world assets such as U.S. Treasury bonds. It is important to note that RWUSD is not a stablecoin and does not claim any real-world assets or underlying collateral or token or financial instrument. The APR is determined at Binance's discretion.
To use RWUSD as collateral, users are advised to follow a specific procedure. First, RWUSD must be enabled as collateral on a VIP loan. After that, users can subscribe to RWUSD directly, where the subscription process is instant and does not affect the loan-to-value (LTV) ratio. Users can refer to the VIP loan section for the latest interest rates and a comprehensive list of lendable assets and collateral. For further inquiries, users are encouraged to contact the Binance main VIP accounts coverage team via email.
The Binance VIP loan is designed as a large individual and institutional over-collateralized lending service, offering competitive rates, terms, and services. It aims to provide enhanced liquidity for users for long-term investment funds, leveraged trading, and hedging strategies. The service is aimed at unlocking greater possibilities for users' financial goals. #Liquidations #EarnFreeCrypto2024 #learn2earn #اخبار #Binance
