Binance Labs, the venture capital division of Binance, has announced its investment in the Astherus platform, aimed at improving liquidity and yield strategies for decentralized finance (DeFi) users.
Focus on Yield Enhancement in DeFi
Astherus is designed to address challenges in DeFi by enhancing the utility of digital assets and offering yield-focused solutions. The platform's primary offering, AstherusEarn, applies strategies across multiple blockchains and protocols, aiming to improve asset performance through a combination of centralized and decentralized finance tools.
Platform Structure and Functionality
The platform’s structure includes a modular DeFi infrastructure. The dApp Layer, which includes AstherusEarn, allows for activities like derivatives trading and stablecoin yield farming. Beneath this, the DeFi Infrastructure Layer consolidates liquidity and supports additional applications such as stablecoin protocols and derivatives clearinghouses.
Plans and Support from Binance Labs
Astherus has outlined plans to create AstherusLayer, a blockchain specifically focused on DeFi functionalities. This blockchain is expected to support multi-asset staking and will utilize Binance’s $BNB token for transaction fees. According to Binance Labs, the funding will be used to develop new products, refine existing features, and enhance user accessibility. The aim is to streamline interactions within the DeFi ecosystem and broaden available yield strategies.
With the support of Binance Labs, Astherus is set to expand opportunities for DeFi users by offering improved yield strategies based on new and existing financial tools.
