• 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

Divergence in Solana's BTC and USDT Pairs Signals Market Uncertainty

chest

Divergence in Solana's BTC and USDT pairs indicates market uncertainty, with BTC showing strength and USDT showing weakness.

user avatarMaya Lundqvist

Solana Price Action Suggests Potential Breakout

chest

Solana has been trading within a tight range, indicating a possible breakout as volatility decreases.

user avatarLeo van der Veen

CME Group Expands Crypto Futures Offerings with New Contracts

chest

CME Group expands its cryptocurrency offerings by launching new futures contracts for Cardano, Chainlink, and Stellar.

user avatarLi Weicheng

X Plans to Launch X Money Amid New Crypto Promotion Rules

chest

X plans to launch X Money, a new payments feature, as it lifts its ban on sponsored crypto content.

user avatarTenzin Dorje

X Lifts Ban on Sponsored Crypto Content, Introduces Paid Partnership Labels

chest

X has lifted its ban on sponsored crypto content, allowing influencers to monetize their posts with new paid partnership labels.

user avatarAisha Farooq

Massachusetts Prosecutors Target $327,829 in USDT from Dating App Scam

chest

Massachusetts prosecutors are seeking the civil forfeiture of $327,829 in USDT linked to a dating app scam that defrauded a resident through a fake cryptocurrency investment.

user avatarBayarjavkhlan Ganbaatar

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.