To Increase DeFi Ecosystem's Real Yield, Binance Labs Funds Astherus

An investment in Astherus, a platform that aims to improve liquidity and yield options for users of decentralized finance (DeFi), has been reported by Binance Labs, Binance's venture capital and incubator division.

By providing yield-focused solutions and making digital assets more useful, Astherus aims to tackle problems in DeFi. Using a mix of centralized and decentralized financial technologies, its principal solution, AstherusEarn, employs methods across many blockchains and protocols with the goal of improving asset performance.

There is a DeFi infrastructure that can be easily added to the platform. Activities such as stablecoin yield farming and derivatives trading are made possible via the dApp Layer, which comprises AstherusEarn. Stablecoin protocols and derivatives clearinghouses are two other applications that the DeFi Infrastructure Layer supports and consolidates liquidity for.

The development of AstherusLayer, a blockchain with an emphasis on DeFi features, has been announced by Astherus. With Binance's $BNB token serving as the transaction fee holder, this blockchain is anticipated to enable multi-asset staking.

The money will supposedly go toward creating new products, improving current ones, and making them more user-friendly, according to Binance Labs. More yield techniques will be accessible, and interactions within the DeFi ecosystem will be streamlined.

The agreement is in line with Binance Labs' objectives of supporting startups that concentrate on technical innovation in the DeFi area, according to Nicola W., Investment Director at Binance Labs. Dust, an integral part of the Astherus team, has stated their goal of providing people all across the world with better actual yield prospects.

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