Binance Labs announces investment in Astherus

ChainCatcher news, Binance Labs announced an investment in the multi-asset liquidity center Astherus. Astherus aims to address inefficiencies in DeFi by focusing on maximizing the real yield of assets, providing sustainable and substantial returns while enhancing the utility and liquidity of digital assets within the ecosystem.

Astherus plans to launch AstherusLayer, a Layer-1 blockchain dedicated to DeFi, which will support multi-asset staking and utilize BNB as gas fees.

Astherus will leverage the newly acquired funds to accelerate product development, launch innovative yield products, and optimize user experience, aiming to expand yield strategies and simplify DeFi interaction processes.