1st December, Binance's staking and lending ecosystem is being driven by the growing demand for DeFi loans. The total staking volume has reached $12.8 billion in the last 24 hours, reflecting a 12.5% increase from the previous day, while lending has surpassed $6.5 billion, with an average loan rate (APR) ranging from 2.6% to 5.6%.
BNSOL (Binance Staked SOL) has led the pack, with its price slightly dropping by 2.83% to $146.63, while trading volume has increased by $167 million. Benefiting from the network upgrade, users have leveraged SOL for a long time, improving the loan-to-deposit ratio to 1:3.
WBETH (Wrapped Beacon ETH) has closely followed the loan amount with an APR of 2.6% and a 15% increase. The institutional loan of USDT using ETH as collateral has exceeded $300 million, helping ETH to hold above the support level of $2,900.
Hot news nostrars focus on the urgent suspension of liquid staking tokens due to price feed errors highlighting the risks created. Binance's lending pools are also facing liquidity warnings, with the platform's Binancezh announcement achieving 20,000 interactions, reflecting community concerns about the potential impact of a 'black swan' event.
At the same time, MANTRA (OM) has joined the super staking program of BNSOL, launching an APR-boosted airdrop mechanism that rewards holders with an additional 5%, resulting in a 28% increase in staking volume within 24 hours.
The interest rate on BNB loans has increased to 8.2%, maintaining a market cap of $120.7 billion, while the lending protocol has optimized its parallel ratio to 85%.
The actions in this series highlight the simultaneous use of leverage and hedging in bear markets, with global sharing increasing by 35% per year.
However, high volatility increases liquidity risk. Investors are advised to set stop-loss orders, diversify their collateral, and adopt liquid staking to avoid liquidity traps. Binance is more than just a platform; it is a DeFi engine, and may see a boom in lending by 2025.$BTC
