Binance Wallet launches Web3 lending functionality, integrating the Venus protocol.

According to an official announcement, Binance Wallet has launched a new on-chain lending feature, "Web3Loan," on its Web3Earn page. This feature, integrated with Venus, a leading lending protocol on BNBChain, allows users to borrow cryptocurrency directly using existing assets as collateral to unlock liquidity and explore 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. (This news item was generated with AI assistance.)