Binance has expanded its Crypto Loans service by adding three new supported collateral assets: Kusama (KSM), Decentraland (MANA), and The Sandbox (SAND). Concurrently, the platform launched limited-time loan promotions for BUSD and USDT, offering competitive interest rates to borrowers.
Key Features of the Update
New Collateral Assets
- KSM: Native token of the Kusama network, a scalable blockchain framework.
- MANA: Utility token for Decentraland’s virtual reality platform.
- SAND: The Sandbox’s ecosystem token for gaming and digital assets.
Loan Promotions (Limited Time)
| Collateral | Borrowed Asset | Daily Interest Rate |
|---|---|---|
| CAKE | BUSD | 0% |
| CTSI | BUSD | 0.0013% |
| KSM | BUSD | 0.0258% |
| MDX | BUSD | 0.0037% |
| Any Asset | BUSD | From 0.04% |
| Any Asset | USDT | From 0.06% |
Important Notes
- Rates and eligible assets are subject to change based on market conditions.
- Users must maintain adequate collateral to avoid liquidation.
- 👉 Learn more about Binance Crypto Loans here.
FAQs
1. How does Binance determine loan interest rates?
Rates are dynamically adjusted based on supply/demand and risk factors. Promotional rates may vary by asset.
2. Can I borrow other stablecoins besides BUSD/USDT?
Yes, but this promotion specifically discounts BUSD and USDT loans. Other assets may have standard rates.
3. What happens if my collateral’s value drops?
Binance may issue a margin call or liquidate positions if collateral falls below required thresholds. Monitor your loan-to-value (LTV) ratio closely.
4. Are there fees for early loan repayment?
No prepayment penalties apply. You can repay anytime during the loan term.
5. Where can I track my active loans?
Navigate to the Crypto Loans dashboard under Binance’s "Finance" tab for real-time management.
Why Use Binance Crypto Loans?
- Flexibility: Borrow against your crypto without selling.
- Competitive Rates: Lower than traditional margin trading.
- Multi-Asset Collateral: Supports diverse tokens like KSM, MANA, and SAND.
- 👉 Start borrowing today with this exclusive guide.
Disclaimer: Crypto loans involve risks. Market volatility may impact collateral values. Binance reserves the right to modify terms.
### SEO Keywords:
1. Binance Crypto Loans
2. KSM MANA SAND collateral
3. BUSD loan promotion
4. USDT borrowing rates
5. cryptocurrency loans
6. staking loans
7. decentralized finance (DeFi)
8. crypto interest rates