• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Labs Backs Astherus to Simplify DeFi and Ensure Sustainable Profits

user avatar

by

3 hours ago


Binance Labs has announced its investment in Astherus, a multi-asset liquidity hub, aiming to streamline decentralized finance (DeFi) interactions and offer users sustainable profit opportunities.

What is Astherus?

Astherus is designed as a multi-asset liquidity hub focused on maximizing the real yield of crypto assets. The platform offers DeFi users a variety of opportunities to achieve high returns through multi-chain yield strategies, ensuring institutional-grade security. It aims to bridge centralized and decentralized finance through an automated yield pool called AstherusEarn.

Core Components of Astherus

Astherus operates on a modular layer structure to enhance scalability and flexibility of its ecosystem.

- **dApp Layer** hosts decentralized applications like AstherusEX and AstherusEarn, which help users generate yields. - **DeFi Infrastructure Layer** aggregates liquidity from multiple asset pools, supporting the creation of stablecoin protocols and a derivatives clearinghouse. - **AstherusLayer (Layer-1 Blockchain)** focuses on DeFi operations and supports multi-asset staking, using BNB as gas fees.

Future Development of Astherus

Astherus plans to further expand its ecosystem by developing AstherusLayer, a Layer-1 blockchain specifically designed for DeFi applications. Binance Labs sees immense potential in Astherus, considering their approach to enhancing asset utility and real yield aligns with Binance Labs' mission to back meaningful technology projects.

Astherus' approach to enhancing asset utility and real yield aligns with Binance Labs’ commitment to backing projects that are building meaningful technology.Nicola W., Investment Director at Binance Labs

Binance Labs’ investment in Astherus underlines the importance of expanding DeFi and offering innovative solutions for users seeking sustainable profits. With new components and integrations like AstherusLayer, the project aims to significantly impact the future of DeFi ecosystems.

0

Share

Other news

Samsung and Jeff Bezos support Tenstorrent in the battle against Nvidia

Competitor to Nvidia, Tenstorrent has received $700m investment from Samsung and Jeff Bezos.

user avatar

a few seconds ago

Dai Lo Finalizes Acquisition of Fractal: Advancing Blockchain Tech

Dai Lo completes acquisition of Fractal to strengthen its position in blockchain technology and privacy innovation.

user avatar

a minute ago

Yusko Highlights Promising Altcoins for 2024 Investments

Mark Yusko named Solana and Cardano among promising altcoins with significant growth potential in 2024.

user avatar

a minute ago

WisdomTree Prepares for XRP Spot ETF Launch

WisdomTree files for XRP spot ETF to be listed on Cboe BZX Exchange, enhancing XRP access for investors.

user avatar

2 minutes ago

U.S. Government's $1.92 Billion Bitcoin Transfer Raises Questions

The U.S. transferred $1.92B in Bitcoin, impacting about 19,799 BTC seized from Silk Road.

user avatar

3 minutes ago

Ripple's Legal Head on SEC's Impact on Cryptocurrency Market

Ripple's chief legal officer accused the SEC of market suppression in crypto.

user avatar

3 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.