Binance Labs announces investment in Astherus

11/28/2024 23:35
Binance Labs announces investment in Astherus

Binance Labs, the venture capital and incubation arm of Binance, has invested in DeFi platform Astherus

Binance Labs announces investment in Astherus

Binance’s venture capital and incubation arm has invested in Astherus, a decentralized finance platform aimed at maximizing real yield for digital assets.

Binance Labs announced the investment in the multi-asset liquidity hub on Nov. 28.

The capital will enable Astherus to accelerate product development, introduce new yield-generating products, and enhance user experience. This investment will allow the platform to expand its yield strategies and simplify DeFi interactions, providing users with access to sustainable profit opportunities.

“Astherus’ approach to enhancing asset utility and real yield aligns with Binance Labs’ commitment to backing projects building meaningful technology and driving growth of the ecosystem. We are excited to support Astherus in delivering greater value to DeFi users worldwide,” Nicola W., investment director at Binance Labs, said.

Astherus offers multi-chain yield strategies, combining institutional-grade security and high yields to benefit DeFi users. Its flagship project, AstherusEarn, unlocks opportunities through apps like stablecoin yield farming and derivatives trading.

The team plans to grow its DeFi ecosystem with additional projects, including a dedicated layer-1 blockchain, AstherusLayer, which supports multi-asset staking and uses BNB (BNB) as gas fees.

Founded in 2018, Binance Labs has invested in over 250 projects, including Injective, Sui, Celestia and OpenEden. Recently, it has also backed top TON blockchain projects and Bitcoin staking providers.

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