According to Binance's official announcement, the platform has introduced several new loanable assets on its Binance Loans (Flexible Rate) and VIP Loan services. This expansion includes Vaulta (A) for both services, along with Haedal Protocol (HAEDAL), Huma Finance (HUMA), Sophon (SOPH), and World Liberty Financial USD (USD1) specifically for VIP Loan users.
**Key Details:**
- **Binance Loans (Flexible Rate):** Vaulta (A) has been added as a loanable asset. This service allows users to borrow cryptocurrencies without committing to a specific loan term, offering flexibility and real-time APR rewards through Simple Earn Flexible Products. Loan rates are updated every minute, and users can place a loan order with a minimum of 1 USDC equivalent.
- **VIP Loan Service:** In addition to Vaulta (A), VIP Loan users can now access Haedal Protocol (HAEDAL), Huma Finance (HUMA), Sophon (SOPH), and World Liberty Financial USD (USD1) as loanable assets. The VIP Loan service caters to large personal and institutional loans, providing competitive rates and terms. It is designed to enhance liquidity for long-term investments, leveraged trading, and hedging strategies.
**Important Notes:**
- Users interested in VIP Loan services can contact the Binance VIP Key Account Coverage team via email for more information.
- To place new Binance Loans (Flexible Rate) orders, users must upgrade their Binance App to iOS v2.78.0 or Android v2.78.0, as older versions do not support new orders.
Binance emphasizes the importance of referring to the original English version of the announcement for the most accurate information, as discrepancies may exist in translated versions. The platform continues to offer innovative loan products, aiming to provide users with greater financial flexibility and opportunities for growth. For further details, users can explore the Binance Loans Service Terms and FAQs available on the platform's website.
Catherine
