• 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

Oracle Cloud Infrastructure Set to Expand Market Share

chest

Michael Turrin from Wells Fargo predicts that Oracle Cloud Infrastructure will increase its global market share to 16% by 2029, positioning it alongside major cloud providers like Amazon and Microsoft.

user avatarSatoshi Nakamura

Wells Fargo Bets on Oracle with New Overweight Rating

chest

Wells Fargo's analyst Michael Turrin has initiated coverage on Oracle with an overweight rating and set a price target of $280, indicating a 39% surge from its current trading price.

user avatarJesper Sørensen

Axis Launches Onchain Yield Engine for USD, Bitcoin, and Gold

chest

Axis is developing an innovative onchain yield engine integrating USD, bitcoin, and gold to deliver market-neutral returns.

user avatarFilippo Romano

Axis Raises $5 Million in Private Funding Round Led by Galaxy Ventures

chest

Axis, a quantitative yield protocol, has raised $5 million in a private funding round led by Galaxy Ventures.

user avatarLucas Weissmann

Remittix Develops Platform for Seamless Crypto Payments

chest

Remittix is developing a platform to facilitate crypto-to-fiat transfers, raising over $28M in the process.

user avatarTomas Novak

China Aims for 5% GDP Growth Target in 2026

chest

China aims to maintain a 5% GDP growth target for 2026, aligning with the start of its 15th five-year plan.

user avatarKaterina Papadopoulou

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.