Binance Wallet Launches Web3 Loan Feature for On-Chain Crypto Borrowing

Binance Wallet has introduced Web3 Loan, a new on-chain borrowing feature that allows users to access liquidity directly from decentralized protocols using crypto collateral.The Web3 Loan feature is now live on the Web3 Earn page within Binance Wallet, expanding the platform’s decentralized finance (DeFi) capabilities and enabling users to borrow assets without selling their existing holdings.The launch reflects Binance Wallet’s broader push to simplify on-chain financial services while maintaining access to established DeFi infrastructure.What Is Binance Wallet Web3 Loan?Web3 Loan allows users to borrow crypto directly from third-party lending protocols through a seamless, non-custodial integration inside Binance Wallet. By depositing supported assets as collateral, users can unlock liquidity for trading, earning, or other on-chain strategies.Unlike centralized lending products, Web3 Loan operates fully on-chain, giving users direct exposure to decentralized borrowing and lending while retaining control of their assets.Key Features of Binance Web3 LoanBorrow Without SellingUsers can borrow crypto while continuing to hold their original assets, allowing them to:Maintain long-term exposureAvoid taxable sales in certain jurisdictionsDeploy capital more efficiently across DeFi strategiesMulti-Asset Collateral on BNB ChainAt launch, Web3 Loan supports multiple mainstream assets as collateral on BNB Chain, providing flexibility for users with diversified portfolios.Supported collateral assets include:BTCBETHUSDTUSDCFDUSDWETHSupported borrow assets include:USDTUSDCBNBPowered by Venus ProtocolWeb3 Loan is integrated with Venus Protocol, one of the largest decentralized lending platforms on BNB Chain.Venus currently supports:40+ assetsOver $2.2 billion in liquidity in its core poolThrough this integration, Binance Wallet users can interact directly with Venus lending pools without leaving the wallet interface, reducing friction and improving accessibility for DeFi borrowing.Exclusive Venus Loan Campaign AnnouncedBinance Wallet also revealed plans for an exclusive Venus loan campaign, offering additional incentives for early users.Campaign highlights include:400,000 USDT in total rewardsPreferential borrowing ratesEligibility tied to borrowing through the Web3 Loan Venus vaultFurther details on campaign mechanics and timelines are expected to be announced soon.