TechFlow news, Binance will update its VIP lending program starting from January 03, 2023, at 08:00 (UTC+8). Under the new rules, leveraged trading borrowings will be multiplied by 0.2 when calculating the 30-day average daily net borrowing amount.
For example, if a user borrowed the equivalent of 1,000,000 BUSD in cryptocurrency via leveraged trading over the past 30 days, it will be counted as 200,000 BUSD in the 30-day average daily net borrowing calculation. Borrowings from pledged loans and VIP loans remain unaffected. To qualify for VIP tier upgrades under this plan, users must meet both the specified 30-day average daily effective net borrowing amount and daily BNB holding requirements listed in the table below.Original link
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