Binance Wallet’s newly introduced Web3 Loan lets users borrow crypto via decentralized lending, using on-chain collateral through integrated third-party protocols.
Binance Wallet announced on Dec. 17 the launch of Web3 Loan, an official feature enabling cryptocurrency borrowing through on-chain collateral. The service integrates third-party decentralized lending protocols directly within the wallet interface, initially featuring Venus on BNB Chain. Users can pledge existing assets to access loans in supported cryptocurrencies, combining decentralized lending capabilities with a streamlined, single-access platform.