bnb

Binance Staking Borrowing (Flexible Loan) has undergone a major update in the past 24 hours, with the official launch of the Web3 Loan feature in the Binance wallet. By integrating the core pool of the Venus protocol, users can directly use cryptocurrency assets as collateral to borrow stablecoins like USDT, USDC, and BNB in their self-custody wallets without having to sell their held assets. This innovation supports collateral including BTCB, ETH, USDT, etc., and all lending operations are executed entirely on-chain, unlocking liquidity while retaining asset exposure.
This move is seen as a key step for Binance to challenge Ethereum's dominance in the DeFi lending space, leveraging the low gas fees of the BNB Chain and a user base of nearly 300 million, which could significantly enhance on-chain lending utilization. The platform has also launched a reward pool of 400,000 USDT to subsidize early participants, sparking heated discussions in the community.
Traditional staking borrowing products update their interest rates every minute, with borrowing thresholds as low as the equivalent of 1 USD, supporting on-demand borrowing and repayment. Amidst market volatility at the end of the year, such tools help users leverage flexibly or earn additional income. It is recommended to pay attention to the LTV ratio to avoid liquidation risks and to use borrowing opportunities rationally.