Binance Labs has invested in Astherus to enhance its platform and expand its DeFi ecosystem.
In addition to receiving funding from Binance Labs, the venture capital and incubator division of Binance, Astherus is a decentralized finance platform with the primary objective of maximizing the real income generated by digital assets.
Binance Labs announced on November 28 that it intends to invest in the multi-asset liquidity network. The money will enable Astherus to improve the user experience, introduce new products that generate revenue, and expedite the development of new products.
As a result of receiving this money, the platform will be able to simplify interactions with DeFi and expand its yield techniques, thereby providing customers with access to long-term profit opportunities.
They plan to expand asset usefulness and real income aligns with Binance Labs’ commitment to supporting initiatives that build major innovations and push ecosystem expansion.
According to Nicola W., the investment director of Binance Labs, “We are thrilled to assist Astherus in providing more value to DeFi consumers all over the world.” They offers multi-chain yield solutions that combine high yields with institutional-grade security for the benefit of customers of decentralized finance (DeFi).
AstherusEarn, the company’s principal initiative, introduces applications such as derivatives trading and stablecoin yield farming. The company plans to grow its DeFi ecosystem by implementing further initiatives, such as AstherusLayer, which is a specialized layer-1 blockchain that enables multi-asset staking and uses BNB as gas expenses.
Founded in 2018, Binance Labs has invested in over 250 projects, including Injective, Sui, Celestia, and OpenEden. Additionally, it has recently shown support for key Bitcoin staking providers as well as activities related to the TON blockchain.
