Binance Labs invests $10 million in cross-chain DeFi lender Radiant Capital | Headlines | News | CoinMarketCap
07/20/2023 20:13
Binance Labs, the venture capital arm of crypto exchange Binance, has invested $10 million in cross-chain lending and borrowing protocol Radiant …
The Block11 minutes ago
Radiant
Arbitrum
Radiant Capital
LayerZero
BNB
Published on July 20, 2023 13:00 GMT+00:00edited on July 20, 2023 13:04 GMT+00:00
Binance Labs, the venture capital arm of crypto exchange Binance, has invested $10 million in cross-chain lending and borrowing protocol Radiant Capital.
The funding round is part of Binance Labs’ “commitment to supporting innovative projects that will lead the next era of DeFi in a chain-agnostic and user-centric manner,” according to a statement.
Radiant is built on top of LayerZero, an interoperability protocol enabling multiple blockchains to communicate with each other. LayerZero developer LayerZero Labs is also part of Binance Labs’ portfolio.
Radiant supports lending and borrowing across chains and currently offers multiple collateral options on Arbitrum and BNB Chain. The Radiant DAO plans to expand the protocol’s functionality to more Ethereum-compatible chains over …