Binance Loans: Enjoy a Higher Initial LTV for Flexible Loans With WBETH as Collateral!

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

Fellow Binancians,

Binance Loans is pleased to launch a new promotion for all users who complete new Flexible Loan orders with Wrapped Beacon ETH (WBETH) as collateral. 

Promotion Period: 2023-08-31 08:00 (UTC) to 2023-09-30 08:00 (UTC) 

During the Promotion Period, the initial Loan-to-Value (LTV) ratio for WBETH collateral in new Flexible Loan orders will be increased from 70% to 75%. This allows users to enjoy higher liquidity, as they can now borrow more digital assets with the same amount of WBETH collateral. 

Don't miss out on this fantastic opportunity to maximize your borrowing potential with WBETH on Flexible Loan. Convert your BETH to WBETH here and take advantage of this exclusive offer!

Notes:

• The margin call and liquidation LTV ratios for WBETH collateral on Flexible Loan remain unchanged. Please refer to the Collateral Assets tab at the Loan Data page for more details.

• The initial LTV for BETH collateral on Flexible Loan will be adjusted from 70% to 60% until further notice.

• Visit the Flexible Loan, WBETH or Simple Earn Flexible Products FAQs to learn more. 

Terms & Conditions:

• Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.

• Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.

• Additional promotion terms and conditions can be accessed here.

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

Thanks for your support!

Binance Team

2023-08-31