Binance Deposit and Loan now supports converting fixed-rate loan orders to current-rate loan orders

Planet Daily News: Binance's lending platform has upgraded the repayment method for new loan orders. With this product upgrade, users can convert fixed-rate loan orders to floating-rate loan orders upon expiration, without the need to repay immediately after the order expires. After a fixed-rate loan order expires, users can choose to manually repay, set up automatic repayment, or convert it to a floating-rate loan order to continue the loan. When users apply for conversion, the fixed-rate loan order will be converted to a floating-rate loan order at expiration and the loan term will be reset. This feature helps users avoid forced liquidation due to inability to repay on time when the original fixed-rate loan order is approaching expiration, providing a more flexible lending experience.