According to an official announcement, Binance Wallet has launched a new on-chain lending feature, "Web3 Loan," on its Web3 Earn page. This feature, integrated with Venus, a leading lending protocol on the BNB Chain, allows users to borrow cryptocurrency directly using existing assets as collateral, unlocking liquidity and exploring new yield strategies. Initially supported collateral assets include BTCB, ETH, and USDT, while borrowable assets include USDT, USDC, and BNB. Binance Wallet will soon launch an exclusive lending campaign with Venus, offering rewards and preferential interest rates.
Binance Wallet launches Web3 lending functionality, integrating the Venus protocol.
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