Binance Labs' New Investment in Astherus Propels DeFi Development

by Giorgi Kostiuk

a year ago

On November 28, Binance Labs announced its latest investment in Astherus, a multi-asset liquidity firm. This funding will focus on product development and improving the user experience.

Goals of Binance Labs Funding

Binance Labs aims to fund Astherus projects to increase opportunities for DeFi users. The funds will accelerate product development, introduce innovative revenue-generating products, and streamline DeFi interactions to become more efficient and user-friendly.

Upcoming Astherus Projects

Astherus already has platforms like AstherusEarn for stablecoin yield farming and supports additional applications. The investment is expected to help develop more products to optimize user gains. Plans also include launching AstherusLayer, an L1 blockchain using the $BNB token.

Astherus’ approach to enhancing asset utility and real yield aligns with Binance Labs’ commitment to backing projects building meaningful technology and driving ecosystem growth. We are excited to support Astherus in delivering greater value to DeFi users worldwide.Nicola W.

Previous Investments by Binance Labs

Since 2018, Binance Labs has invested in over 250 projects, including Moonwalk Fitness, Zerobase, and the Hemi network. Binance also funded the RWA platform OpenEden and projects on the TON blockchain, such as Pluto Vision Labs.

Binance Labs' investment in Astherus underscores its commitment to supporting innovative DeFi projects and enhancing their potential to increase value and improve user experiences.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Fleet Mining Simplifies Registration with Attractive Bonuses

Fleet Mining has simplified the registration process for new users by offering attractive bonuses and daily rewards.

Aisha Farooq3 minutes ago

Long-Term Falling Wedge Pattern Signals Potential Altseason for 2025

A falling wedge pattern has formed on the altcoin market cap chart, indicating potential for a breakout in 2025.

Tenzin Dorje15 minutes ago

Rising Staking Demand as ETH Waiting to be Staked Exceeds Exit Queues

Onchain data reveals that the amount of ETH waiting to be staked has surpassed those in the exit queues, indicating a shift in network participant behavior.

Bayarjavkhlan Ganbaatar26 minutes ago

India Demands Immediate Compliance from Elon Musk's X Over Grok AI Content Issues

India's Ministry of Electronics and Information Technology demands immediate compliance from Elon Musk's X to address obscene content generated by Grok AI.

Elias Mukuru26 minutes ago

India's Compliance Order for X's Grok AI Sets Precedent for Global AI Governance

India's compliance order against X's Grok AI marks a significant step in global AI governance, testing intermediary liability laws and influencing regulatory standards for technology companies.