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Binance has announced the addition of Mitosis (MITO), Dolomite (DOLO), World Liberty Financial (WLFI), and Somnia (SOMI) as loanable assets on its VIP Loan platform.
According to Binance, the VIP Loan service is an over-collateralized lending platform tailored to institutional and high-net-worth users. It is designed to unlock liquidity without liquidating asset positions. The inclusion of MITO, DOLO, WLFI, and SOMI enhances the flexibility of this service, allowing users to leverage a wider variety of tokens as collateral. This move aligns with Binance's strategy to broaden its lending services and support diverse asset-backed loan offerings.
Binance explicitly confirmed that these tokens have been newly listed as loanable assets in its VIP Loan system. This expansion enhances borrowing options for clients, empowering them to better manage short-term financing, hedging, or leveraged holdings by leveraging these tokens as loan collateral. The announcement underscores Binance’s ongoing efforts to adapt its lending services to evolving crypto market landscapes.
