Astherus Latest News
Binance Labs announced its investment in Astherus, a multi-asset liquidity hub that aims to address inefficiencies in DeFi by focusing on maximizing the real returns of assets, providing sustainable and substantial returns while enhancing the utility and liquidity of digital assets within the ecosystem.
Astherus plans to launch AstherusLayer, a Layer-1 blockchain dedicated to DeFi that will support multi-asset staking and utilize BNB as gas fees.
Astherus will use the new funds to accelerate product development, launch innovative yield products and optimize user experience, aiming to expand yield strategies and simplify DeFi interaction processes.
What is Astherus?
Astherus is building a comprehensive dApp ecosystem for re-collateralized assets such as LST and LRT. User assets do more than just earn minimum returns - users can use them to trade spot and derivatives, stablecoin yield farming, earning strategies, and more. By giving heavy collateralized assets utility, Astherus can scale up the utilization of heavy collateralized assets and maximize user profitability.
Tags: DeFi re-staking
Ecosystem (2): Ethereum BNB Chain
Established: 2024
-Heat value change trend-
Astherus was selected as one of the first projects in the seventh season of the incubation program
Astherus is unique in its multi-asset staking system, LST infrastructure, and LST-driven dApp ecosystem, including AstherEX, a decentralized exchange that supports heavily-collateralized asset trading, AstherEarn, which aggregates profit strategies from multiple blockchains, and AstherLayer, a proof-of-stake Layer 1 blockchain that expands the utility of LST on other blockchains.
Astherus' unique positioning and innovative technology made it stand out among many projects and successfully entered the Binance Labs incubation program.
Summarize
As a 7th season incubation project of Binance Labs, it provides diversified opportunities for DeFi users by improving the utility of digital assets and helps maximize sustainable returns. In addition, Astherus plans to launch AstherusLayer, a Layer-1 blockchain designed specifically for DeFi that supports multi-asset staking and uses $BNB as fuel.
The market is currently optimistic about the Astherus narrative, which recently achieved an all-time high TVL of $88 million. With the launch of the AstherusEarn product, Astherus is also expected to stand out in the LRT market and DeFi market.
