This article is a tutorial on borrowing BNB in the wallet, including the following 5 parts:
1. Find Web3 Loan in the wallet
2. Provide collateral (can be USDT USDC BTC_BSC FDUSD)
3. Borrow BNB
4. Return BNB and pay interest
5. Retrieve collateral
1. Find Web3 Loan in the wallet
In the Binance wallet: 1. Finance >> 2. Loan
2. Provide collateral
Supports assets on BSC such as USDT USDC FDUSD BTC_BSC
After providing USDT, you can borrow BNB. The first time you borrow, there will be a small test, the answer to the small test: select the second one
3. Borrow BNB
Borrowing 3 BNB requires collateral of at least 3500 USD in assets
After borrowing, BNB will automatically go into your wallet
4. Return BNB and pay interest
5. Retrieve collateral
Any lending requires collateral, and it needs to be over-collateralized. To borrow 3 BNB (about 2600 USD), you must collateralize 3500 USD.
There is no lending that does not require collateral.
Borrowing just to participate in the TGE has very low interest rates.
It's very convenient to borrow on Web3 Loan, suitable for beginners.
If you have any questions, feel free to screenshot and ask me in the comments.
