Binance Wallet has an event showing a negative interest rate for borrowing, which means borrowing money does not require paying interest, but rather provides rewards. It's purely a subsidy. I deposited 5,000 USDC at an annualized rate of 2.15% and borrowed 3,000 USDT at an annualized rate of -3.54%. The overall annualized rate is 5.69%. The borrowed USDT can also participate in other activities to further increase the annualized rate. However, one thing to note is that the minimum borrowing must be greater than 100 USDT.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Binance Wallet has an event showing a negative interest rate for borrowing, which means borrowing money does not require paying interest, but rather provides rewards. It's purely a subsidy. I deposited 5,000 USDC at an annualized rate of 2.15% and borrowed 3,000 USDT at an annualized rate of -3.54%. The overall annualized rate is 5.69%. The borrowed USDT can also participate in other activities to further increase the annualized rate. However, one thing to note is that the minimum borrowing must be greater than 100 USDT.