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

Binance Labs' New Investment in Astherus Propels DeFi Development

user avatar

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Hyper (HYPER) Introduces Speed to the Original Blockchain

chest

Bitcoin Hyper (HYPER) is recognized for its Layer2 scaling solution that enhances Bitcoin's transaction speeds.

user avatarNguyen Van Long

Tech Leaders Unite Against Proposed Wealth Tax in California

chest

A coalition of tech industry leaders opposes a proposed 5% tax on California's wealthiest residents, fearing it could drive them out of the state.

user avatarTando Nkube

Concerns Over California's Proposed Wealth Tax and Its Economic Impact

chest

Concerns about California's proposed wealth tax and its economic impact have led to discussions among tech leaders regarding potential adjustments to mitigate negative effects.

user avatarKofi Adjeman

Sui Builds High-Performance Blockchain Foundations

chest

Sui is gaining attention for its focus on performance, scalability, and efficient smart contract execution.

user avatarSatoshi Nakamura

XRP ETFs Achieve Record Trading Volume Despite Recent Outflows

chest

XRP ETFs in the US reached a record weekly trading volume of $219 million despite a net outflow of $408 million.

user avatarJesper Sørensen

Validator Competition Shapes Hyperliquid's Future

chest

The competition among validators is intensifying as major funds and centralized exchanges enter the network.

user avatarRajesh Kumar

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.