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Binance, the world’s leading <a href="https://blockchainreporter.net/tag/exchange/" rel="noopener noreferrer nofollow">cryptocurrency exchange</a>, has added eight new loanable assets to its Flexible Loan product, according to an announcement made on Friday. The newly added assets include AGIX, COCOS, GRT, HFT, HIGH, LDO, MAGIC, and STX, expanding the already extensive list of loanable and collateral assets available on the platform.The Binance Flexible Loan is an isolated, overcollateralized, open-term loan product that allows users to take up isolated loan positions with a distinct Loan-to-Value (LTV) ratio, margin call, and liquidation levels. Each loan position must be overcollateralized, meaning the value of collateral pledged by the user is more than the value of the digital assets advanced to the user.Since Binance Flexible Loans are open-term, users can keep their positions open indefinitely as long as the product supports the loaned and collateral digital assets, and the relevant LTVs are not exceeded. The product uses users’ Simple Earn Flexible Product assets as collateral, allowing for smoother LTV management and reducing interest costs. These assets continue to earn Real-Time APR rewards while being collateralized.<h2 id="header-0">More Options and Flexibility with Binance Flexible Loan</h2>Users can apply for the Binance Flexible Loan by going through the collateral-loan pair ordering process and selecting the cryptocurrencies they want to pledge and borrow. Users can only pledge assets as collateral that they’ve deposited to Simple Earn Flexible Offers (Simple Earn Collateral). If the Simple Earn Collateral is insufficient to secure the desired loan amount, users can also choose to use digital assets from their Spot Wallets as additional collateral.Digital Assets that are used to subscribe to a Simple Earn Flexible Offer pledged in Binance Flexible Loan will continue to earn Simple Earn Flexible Product Real-Time APR rewards, but not Bonus Tiered APR rewards. These rewards are accumulated directly in their respective collateral-loan pair positions, increasing the amount of collateral (in token amounts) as rewards are accumulated over time.Upon successful order, pledged collateral will be locked in the user’s Earn Wallet to secure any outstanding loan positions, while loaned assets will be distributed to their Spot Wallet. The total amount of Simple Earn Flexible Product assets that are pledged for Binance Flexible Loan will be reflected in the [Collateral Amount] column in their Earn Wallet.This latest move by <a href="https://www.binance.com/" rel="noopener noreferrer nofollow">Binance</a> is aimed at offering users more options and flexibility while borrowing against their digital assets. Binance is committed to offering innovative and flexible solutions that empower users in the crypto ecosystem. The interest rates for the new loanable assets on the Binance Flexible Loan can be found on the Loan Data page on the Binance website, which also provides a full list of loanable and collateral assets.

Binance Flexible Loan Expands Loanable Assets to Include LDO, STX, GRT and More

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