Binance VIP Loan Adds SUI, EDU as New Loanable Assets, and ALGO, BAND, EGLD, HBAR, MINA, QNT, RDNT, SUSHI as New Collateral Assets | Binance Support

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance VIP Loan has added SUI and EDU as new loanable assets, and ALGO, BAND, EGLD, HBAR, MINA, QNT, RDNT and SUSHI as new collateral assets. Please refer to VIP Loan and Loan Data for the latest interest rates and a full list of loanable and collateral assets. Users can reach out to the Binance VIP Key Account Coverage team via email ([email protected]) or Telegram (@vip_loan_binance) to start using these collateral options.

What Is Binance VIP Loan? 

Binance VIP Loan is a large personal and institutional over-collateralized loan service with competitive rates, terms, and services. Users may use Binance VIP Loan to unlock greater potential in objectives, such as greater liquidity for long-term investment funds, leveraged trading, and hedging strategies. 

What Is the VIP Loan Collateral Ratio?

All collateral assets on Binance VIP Loan are subject to Collateral Ratios. Generally, tokens with lower liquidity are subject to lower collateral ratios and receive larger haircuts. Different collateral ratios may also apply to the same token depending on the collateral amount.

Notes: 

• Users can read the FAQ for more information on VIP Loan and the VIP Loan Collateral Ratio mechanism. For more queries, users can get in touch with the Binance VIP Key Account Coverage team via email ([email protected]) or Telegram (@vip_loan_binance). 

• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Thanks for your support!

Binance Team

2023-05-05

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

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