Binance Labs, the venture capital and incubation division of Binance, has disclosed its latest investment in Astherus, a platform aimed at improving liquidity and yield strategies for decentralized finance (DeFi) users.
Astherus is designed to address challenges in DeFi by enhancing the utility of digital assets and offering yield-focused solutions. Its primary offering, AstherusEarn, applies strategies across multiple blockchains and protocols, aiming to improve asset performance through a combination of centralized and decentralized finance tools.
The platform’s structure includes a modular DeFi infrastructure. The dApp Layer, which includes AstherusEarn, allows for activities like derivatives trading and stablecoin yield farming. Beneath this, the DeFi Infrastructure Layer consolidates liquidity and supports additional applications such as stablecoin protocols and derivatives clearinghouses.
Astherus has outlined plans to create AstherusLayer, a blockchain specifically focused on DeFi functionalities. This blockchain is expected to support multi-asset staking and will utilize Binance’s $BNB token for transaction fees.
According to Binance Labs, the funding will be used to develop new products, refine existing features, and enhance user accessibility. The aim is to streamline interactions within the DeFi ecosystem and broaden available yield strategies.
Nicola W., Investment Director at Binance Labs, remarked that the partnership aligns with the organization’s goals of supporting projects that focus on technological innovation in the DeFi space. Dust, a core contributor at Astherus, expressed the team’s intent to improve real yield opportunities for users globally.
