Binance Staking Launches Fixed-term Borrowing Products

ChainCatcher news, according to the official announcement, Binance's staking lending platform has launched a fixed-term lending product. Fixed-term lending is an innovative service with a fixed duration for borrowing, allowing users to set their own interest rates.

Binance's fixed-term lending provides users with predictable costs/returns (for stablecoins) through its fixed-term lending service. Users can set their own interest rates and lock in borrowing costs and lending returns for a fixed period. The platform effectively matches the needs of borrowers and lenders. The fixed-term lending platform adopts an over-collateralization system and supports multi-asset collateral to reduce the liquidation risk for borrowers. Additionally, the platform features efficient automated processes, including automatic repayments and automatic renewals.