Bitget Wallet Teams Up with Venus Protocol to Boost DeFi Yields on BNB Chain
Singapore, Tuesday, 1 April 2025.
Bitget Wallet and Venus Protocol partner to offer up to 10.33% APY in DeFi yields by enabling BNB, USDT, and USDC staking on the BNB Chain.
Strategic Partnership Details
In a significant development announced today, April 1, 2025, Bitget Wallet, a prominent Web3 non-custodial wallet provider, has established a strategic partnership with Venus Protocol, which currently holds the position as the leading DeFi lending platform on BNB Chain [1]. This collaboration introduces enhanced yield-generating opportunities for crypto holders, with users now able to stake popular cryptocurrencies including BNB, USDT, and USDC directly through the Bitget Wallet interface, offering potential yields of up to 10.33% APY [1].
Platform Capabilities and User Base
Bitget Wallet brings substantial infrastructure to this partnership, serving over 60 million users across its comprehensive ecosystem. The platform currently supports more than 130 blockchain networks and provides access to over 20,000 decentralized applications (DApps) [1]. Security remains a cornerstone of their service offering, with a significant protection fund exceeding $300 million established to safeguard users’ assets [1].
Leadership Perspectives
Alvin Kan, COO of Bitget Wallet, emphasized the strategic importance of this partnership, stating that it aligns with their mission to enhance asset value through intuitive DeFi products [1]. This sentiment was echoed by Danny Cooper, Vanguard Team Lead at Venus Protocol, who highlighted the partnership’s role in expanding DeFi lending accessibility [1].
Service Integration and Future Outlook
The integration provides users with a comprehensive suite of on-chain services, including instant swaps, rewards programs, staking opportunities, and advanced trading tools. The platform also features live market data integration, a specialized DApp browser, and various crypto payment solutions [1]. This partnership represents a significant step forward in simplifying access to DeFi yields while maintaining the security and efficiency that institutional and retail users require [1].