Dear Traders,
We are thrilled to announce the launch of the first phase of Phemex Lending Protocol – an innovative solution designed to empower your investment strategy. Committed to advancing financial tools in sync with the dynamic crypto sector, we ensure our members enjoy the most competitive borrowing rates available. For vePT holders, this advantage is amplified with an exclusive 30% discount on USDT borrowing interest rates, making it an exceptionally attractive offer right from the start.
What is Phemex Lending Protocol?
The Phemex Lending Protocol is a groundbreaking service that allows you to leverage your existing crypto assets to borrow cryptocurrency. Instead of selling your holdings, you can now use them as collateral to access funds, giving you liquidity while maintaining your investment positions.
Phase I Benefits:
- Increase Your Capital: Utilize the Phemex Lending Protocol to boost your capital. Take a loan on USDT, BTC, ETH, or PT without the need to liquidate your crypto assets.
- Asset-Backed Loans: Rest assured that all loans are securely collateralized by your assets. We provide you with the flexibility to choose your loan terms with variable interest rates.
- Competitive Rates: Experience the most competitive borrowing rates in the market. For vePT holders, the deal gets even sweeter with an additional 30% discount on borrowing rates.
- Seamless Fund Mobility: You can withdraw and reallocate your funds as you see fit, unfettered by undue limitations or delays.
Please Take Note:
- The 30% discount is subject to change based on market conditions to ensure the best possible alignment with the evolving crypto landscape.
- While the current discount applies exclusively to USDT lending, we are looking to expand this benefit to include additional assets in the future, depending on market circumstances.
- For further guidance, please check here.
This is just the beginning, and we are excited to have you with us on this journey. Our Phemex Lending Protocol is set to unlock new possibilities and enhance your trading experience.
Happy Trading!
The Phemex Team
