Binance Expands VIP Loan Services: New Assets & Collateral Offered

Binance has expanded its VIP Loan program with the addition of new assets as loanable and collateral options. These include Towns (TOWNS) and Succinct (PROVE), while RWUSD serves as a designated collateral asset. This innovative platform offers a principal-protected yield product called RWUSD, allowing flexible-term subscriptions with daily APR rewards derived from Binance’s ecosystem income. It’s important to note that RWUSD is not a stablecoin or a claim on any real-world assets but rather a unique yield product. The APR for this collateral asset will be determined by Binance at its discretion. To use RWUSD as collateral, users need to follow a specific procedure: first, enable it as collateral for the VIP Loan and then subscribe directly to RWUSD using an instant process that doesn’t affect the loan-to-value ratio (LTV). For details on the latest interest rates and a complete list of loanable assets, visit the VIP Loan section. Users seeking further assistance can contact Binance’s VIP Key Account Coverage team by email.