• 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

Regulatory Scrutiny Heightens for Cryptocurrency Privacy Tools Post-Conviction

chest

Regulatory scrutiny on cryptocurrency privacy tools is expected to increase following the conviction of William Bill Hill, potentially impacting developers and innovation in the sector.

user avatarSatoshi Nakamura

Samourai Wallet Co-Founder Sentenced to Four Years in Federal Prison

chest

William Hill, co-founder of Samourai Wallet, has been sentenced to four years in federal prison for operating an unlicensed money-transmitting business.

user avatarRajesh Kumar

Monero Leads Privacy Coin Rally Amid Market Decline

chest

Monero has emerged as a leading privacy coin, maintaining strong performance during the market downturn.

user avatarLucas Weissmann

Ethereum and Major Altcoins Confirm First DAT Top in Three Months

chest

Ethereum and major altcoins have confirmed their first Daily Average Trader (DAT) top in three months, indicating a potential bearish exhaustion pattern.

user avatarFilippo Romano

Best Wallet Token Surges as Investors Seek Self-Custody Solutions

chest

Best Wallet Token (BEST) is gaining traction as investors seek self-custody tools alongside the new Solana ETFs.

user avatarEmily Carter

Spark Protocol Shifts Focus from Mobile Apps to DeFi Infrastructure

chest

Spark protocol has decided to abandon its mobile app launch to focus on developing DeFi infrastructure.

user avatarTomas Novak

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.