Binance Loans introduces the borrowable asset CAKE and a promotion to lower interest rates. For all cryptocurrencies on the platform, including $BTC, $BUSD, and $ETH, Binance Loans has reduced interest rates and added the borrowable asset $CAKE. The promotion will last for one month, until July 27, 2022. Binance Loans offers a wide range of options for supported crypto assets, interest rates, collateral assets, and maximum loanable limits. In its sole discretion, Binance maintains the right to modify or adjust the interest rates without prior warning. The loan terms range is 7, 14, 30, 90, and 180 days. The interest depends on the number of hours borrowed; you can always pay it back in advance. Early repayment is not subject to any fees. #Binance Loans adds borrowable asset $CAKE and launches interest rate reduction promotion. ➡️ https://t.co/r3MYnTcEsM pic.twitter.com/uQfTGVchfl — Binance (@binance) June 27, 2022 Interest Rate Reduction Promotion Binance Loans started a campaign to lower loan rates on the marketplace in March, and the company has teamed up with Binance NFT to provide the NFT Mystery Boxes Reward Program. Users old and new are both welcome to take part in these events. Based on market conditions and internal risk management, Only the greatest staking projects are available to Binance users. For any losses incurred due to project on-chain contract security problems, Binance disclaims all responsibility. Borrowa...
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