Binance Labs Selects Four Startups for Funding
The venture arm of crypto exchange Binance has selected four projects - Astherus, Cycle Network, Dill and EigenExplorer - for the seventh season of its incubation program.
The project ecosystem consists of three components: DEX AstherEX, the platform for passive income AstherEarn and the AstherLayer L1 blockchain based on the Cosmos SDK. The solution supports Ethereum and BNB Chain networks.
Cycle Network is a “universal, secure, and verifiable” chain abstraction that offers a bridgeless, aggregated liquidity protocol across all layers and interoperability, including L1, L2, EVM, and non-EVM.
Dill introduces the “most scalable” data availability network on Ethereum, fully compatible with the Danksharding roadmap. The project documentation says that the protocol supports “millions of validators” and also has the function of staking and re-staking Bitcoin.
EigenExplorer is the first native DeFi protocol from EigenLayer. The project offers an API for fast and confidential data tracking in the restaging ecosystem. The solution is free and open to the public.
