#Binance Labs, the venture arm of the largest cryptocurrency exchange in the world, has committed to investing $5 million in the #Curve Finance Token $CRV which governs the Curve decentralized exchange (DEX).
The potential integration of Curve on BNB CHAIN is also being explored as part of this collaboration. The total value locked (TVL) on Curve, a stableswap and DEX, is about $2.4 billion.
Yi He, co-founder of Binance and head of Binance Labs, emphasized the importance of Curve in the DeFi market: "Curve Finance is the largest stableswap, and as a key protocol in DeFi it has contributed to the steady growth of the space in 2023. Given the recent events that have impacted the protocol, Binance Labs has offered our full support to Curve through our investment and strategic collaboration. We view this cooperation as a starting point and look forward to working together to further propel the growth of the DeFi ecosystem."
Source: Coinmarketcap
#BNBChain DeFi summer is comming ☀️
