According to The Block, #Binance Binance Labs, the exchange’s venture capital arm, has invested $10 million in the cross-chain lending protocol Radiant Capital.
The funding will be used to further develop the product, including enhanced oracle support, expanded collateral options, deployment on the Ethereum mainnet, and full LayerZero messaging support.
Radiant is a protocol built on LayerZero, #LayerZero a technology that allows multiple blockchains to communicate with each other. LayerZero Labs, the development company of LayerZero, is also one of Binance Labs’ investment projects.