Recently, there was an interesting development—some leading exchanges' wallets quietly launched on-chain lending features. You can directly use your held assets as collateral within the wallet to borrow crypto assets, eliminating the hassle of switching back and forth.

What's more flexible is that it can also directly connect to third-party DeFi lending protocols. For example, it now supports Venus on BNB Chain, allowing you to use assets like BTCB, ETH, USDT, USDC, FDUSD, and WETH as collateral. There are also plenty of borrowing options; most of the common tokens in the ecosystem are covered.

This approach makes on-chain financial operations more centralized, so users don't need to jump between multiple platforms and wallets—they can complete collateralization and borrowing all in one place. For users looking to efficiently manage on-chain assets and participate in the DeFi ecosystem, it’s indeed quite convenient.