• 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

Trump Launches Investigation into Biden's Autopen Signature Use

chest

Former President Donald Trump has initiated an investigation into Joe Biden's use of autopen signatures, raising concerns about document legitimacy and cognitive decline.

user avatarBayarjavkhlan Ganbaatar

Implications of Biden's Autopen Signature Investigation on Digital Assets

chest

The investigation into Biden's autopen signatures may have significant political and regulatory implications, particularly concerning digital assets.

user avatarTenzin Dorje

Ondo (ONDO) Shows Signs of Potential Recovery Amid Market Pullback

chest

Ondo (ONDO) has recorded a modest dip but is forming a harmonic pattern that suggests a potential rebound.

user avatarMohamed Farouk

Dogecoin Struggles While Mutuum Finance Gains Traction

chest

Dogecoin struggles to gain traction while Mutuum Finance's peer-to-peer lending system attracts investor interest.

user avatarElias Mukuru

SUI Faces Critical Support Test at 200 Mark

chest

SUI's price is currently at a critical juncture, testing the 200 support zone. A break below could lead to a decline towards 185, while maintaining support could open up opportunities for upward movement towards targets of 216 and 237.

user avatarDiego Alvarez

MogCoin's Humor-Driven Strategy Creates Trading Opportunities

chest

MogCoin leverages chaotic, cat-themed humor to create trading opportunities through viral engagement and community pushes.

user avatarMaria Fernandez

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.