TechFlow news, December 17 — According to an official announcement, Binance Wallet has launched a new Web3 Loan feature enabling users to use their existing assets as collateral to borrow crypto assets directly within the wallet, expanding their on-chain lending experience. This feature integrates with the Venus Protocol on BNB Chain to support multi-asset collateral and borrowing. Supported collateral assets currently include BTCB, ETH, USDT, USDC, FDUSD, and WETH, with USDT, USDC, and BNB available for borrowing. Binance Wallet stated it will launch an exclusive Venus rewards campaign based on this lending feature, allowing users who borrow eligible assets to share 400,000 USDT in rewards and enjoy preferential interest rates, aiming to enhance liquidity and yield potential for on-chain financial and lending services within the wallet.
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