According to the Binance blog, Binance Labs announced an investment in the DeFi yield protocol Pendle Finance. This investment strengthens Binance Labs' commitment to supporting innovative projects that aim to shape the next generation of DeFi primitives. The funds will be used to expand the influence of the Fylde project in the ecosystem and provide inclusive DeFi yield opportunities for retail and institutional users.

Pendle Finance is a decentralized protocol that enables the tokenization and trading of future yields. As a yield derivatives protocol, Pendle Finance is bringing the TradFi interest derivatives market to DeFi, making it accessible to everyone.