{"id":63804,"date":"2022-09-08T10:21:09","date_gmt":"2022-09-08T03:21:09","guid":{"rendered":"https:\/\/wikibinance.com\/?p=63804"},"modified":"2022-10-07T15:01:02","modified_gmt":"2022-10-07T08:01:02","slug":"binance-vip-borrower-program","status":"publish","type":"post","link":"https:\/\/wikibinance.com\/en\/news\/binance-vip-borrower-program.html","title":{"rendered":"Binance Launches VIP Borrower Program"},"content":{"rendered":"

VIP Borrower Program has been launched<\/strong><\/h2>\n

On September 7, Binance<\/a> made an announcement that it would launch the VIP Borrower Program<\/strong>. Margin and Loans users have a chance to attain\u00a0a higher VIP level or become a Binance VIP<\/strong>.<\/p>\n

To be eligible for a higher VIP level, users need to meet the requirements of the daily average BNB<\/a> holding thresholds and 30-day average net borrowing volume shown on table below. Net borrowing volumes on Margin<\/a>, Crypto Loans, and OTC Loan will count toward the 30-day average net borrowing volume requirement for the VIP Borrower Program.<\/p>\n

\"VIP
VIP Borrower Program requirement<\/figcaption><\/figure>\n

>> Related:\u00a0Guide to sign up for Binance account update 2022<\/a><\/em><\/p>\n

Highlights of the VIP Borrower Program<\/strong><\/h2>\n

Users who are eligible will be automatically upgraded to the corresponding higher VIP tier than their current standing. Users don’t need to apply for the program.<\/p>\n

\"Binance
Binance launches VIP Borrower Program<\/figcaption><\/figure>\n

For Margin<\/h3>\n

Binance will provide eligible users with higher Margin borrowing limits for each upgraded VIP level (up to 18,000,000 BUSD per sub-account).
\nFor qualified users in VIP 6 and above: The Margin borrowing limits of their master accounts will be similar to the Margin borrowing limit of their Margin sub-account. There is a maximum of 10 Margin sub-accounts that each VIP user can have.<\/p>\n

For OTC Loan<\/h3>\n

For OTC Loans, there is no upper borrowing limit, the users are required complies with the necessary risk ratios. All borrowing, however, is contingent on availability.
\nThe users are able to freely\u00a0 trade OTC Loan collateral in the Spot Wallet as long as they follow the relevant Loan-To-Value (LTV) and risk ratios.<\/p>\n

Notes<\/strong><\/h2>\n