Boost

DeFi

Yield

Binance Labs, the venture capital and incubation division of Binance, has disclosed its latest investment in Astherus, a platform aimed at improving liquidity and yield strategies for decentralized finance (DeFi) users. 
<a href="https://x.com/BinanceLabs/status/1862134457433755872" rel="nofollow" target="_blank">Astherus</a> is designed to address challenges in DeFi by enhancing the utility of digital assets and offering yield-focused solutions. Its primary offering,&nbsp;AstherusEarn, applies strategies across multiple blockchains and protocols, aiming to improve asset performance through a combination of centralized and decentralized finance tools. 
The platform’s structure includes a modular DeFi infrastructure. The&nbsp;dApp Layer, which includes AstherusEarn, allows for activities like derivatives trading and stablecoin yield farming. Beneath this, the&nbsp;DeFi Infrastructure Layer&nbsp;consolidates liquidity and supports additional applications such as stablecoin protocols and derivatives clearinghouses. 
Astherus has outlined plans to create&nbsp;AstherusLayer, a blockchain specifically focused on DeFi functionalities. This blockchain is expected to support multi-asset staking and will utilize <a href="https://crypto.ro/en/exchange/binance/">Binance’s</a> $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. 
Nicola W., Investment Director at Binance Labs, remarked that the partnership aligns with the organization’s goals of supporting projects that focus on technological innovation in the DeFi space. Dust, a core contributor at Astherus, expressed the team’s intent to improve real yield opportunities for users globally.

Binance Labs Invests in Astherus to Boost Real Yield in DeFi Ecosystem

crypto.ro global

Other articles published on Nov 28, 2024

Is PEPE Price Breakout Imminent? Analyst Predicts It’s About to Go Crazy—Here’s Why!

Here’s How Bitcoin Stands Strong Despite Market Pressure

Ethereum Continues to Strengthen Despite Bitcoin’s Decline

Gary Gensler’s Departure and Its Impact on Crypto

Leveraged ETH ETF demand up 160% since Trump win — Ether price to $4K?

Singapore Gulf Bank Plans $50M Fundraising for Stablecoin Payments Acquisition

Join our free newsletter for daily crypto updates!