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Cryptocurrency News Articles

Binance Labs Backs Astherus, a Liquidity Hub Designed to Optimize Real Yield Across Decentralized Finance (DeFi) Platforms

Nov 29, 2024 at 02:30 pm

Binance Labs, the venture capital and incubation arm of Binance, has invested in Astherus, a liquidity hub designed to optimize real yield across decentralized finance (DeFi) platforms.

Binance Labs Backs Astherus, a Liquidity Hub Designed to Optimize Real Yield Across Decentralized Finance (DeFi) Platforms

Binance Labs, the venture capital and incubation arm of Binance, has announced its latest investment in Astherus, a liquidity hub designed to optimize real yield across decentralized finance (DeFi) platforms.

This investment will enable Astherus to further develop its innovative DeFi infrastructure, which aims to maximize the real yield of assets and enhance the efficiency of the DeFi ecosystem.

Astherus offers a modular DeFi infrastructure that enhances asset performance and utility. Its network operates on two core layers:

dApp Layer: This layer allows users to access a range of asset opportunities through applications like stablecoin yield farming and swap trading.

DeFi Infrastructure Layer: This layer aggregates liquidity to support various use cases, including stablecoin protocols and a derivatives clearinghouse.

At the heart of Astherus' operations is AstherusEarn, a service that combines high-yield operations with institutional-grade security. By connecting centralized and decentralized finance, AstherusEarn provides scalable, dependable yield-generation solutions.

To achieve its vision, Astherus is also launching AstherusLayer, a dedicated Layer-1 blockchain designed to enhance DeFi efficiency. This blockchain will enable multi-asset staking and use BNB as the native gas token, creating a streamlined experience for users on its network.

The investment from Binance Labs will help Astherus accelerate product development, expand its yield offerings, and build its blockchain architecture.

Since its launch in 2018, Binance Labs has invested in over 250 projects, spanning DeFi, gaming, and artificial intelligence. In November, Binance Labs announced its participation in other DeFi-focused initiatives, such as BIO Protocol, which supports decentralized funding for scientific research, and OpenEden, a platform for real-world asset tokenization.

In addition to its DeFi investments, Binance Labs has also backed projects like Moonwalk Fitness, a fitness accountability app that uses gamification with financial incentives. The app encourages healthy lifestyles by allowing users to stake crypto assets like USDC, SOL, or BONK in fitness challenges, where meeting daily step goals unlocks rewards.

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