LBank to Launch USDN Demand Deposit with an Annualized Yield of 10%

2 min readSep 16, 2020

Dear LBank users：

In order to reward users and support the listing of USDN, LBank will launch USDN Demand Deposit with an annual return of 10%. Without locking, holding coins to gain interest and settled daily. The details are as follows:

Participation Time: 16:00 on Sep 17, 2020 (UTC+8)

Participation Condition: Users need to complete the KYC verification.

Support Asset: USDN

Annualized Return: 10% (Floating，Charge 5% from the profit as service fee)

Maximum Interest-bearing Amount: with no limit

Minimum Interest-bearing Amount: 300 USDN

Participation Method: users need to register the assets in the “Demand Deposit “ page.

* Assets registered in “Demand Deposit” do not affect trading or withdrawal. After registration, the assets have been trading or withdrawn will not enter interest calculation of the day. For the amount gap will be released at 2:00 pm the next day.

* The freezing assets due to orders and participation in activities do not affect the interest calculation of demand deposit assets.

Revenue settlement: T+1 calculates interest, T+2 pays interest.

Amount update: The amount of gap from the previous trading or withdrawal will be released at 2:00 pm every day.

Click 「Demand Deposit」to participate

* LBank reserves the right of final interpretation of this activity.