Binance Labs, the venture capital and incubation subsidiary of the global cryptocurrency platform Binance, has invested in Pendle Finance, a leading DeFi protocol focused on yield tokenization. This collaboration aims to provide a more accessible and optimized yield management experience for all users, ranging from retail to institutional levels. Pendle Finance facilitates the tokenization and trading of yield, with an emphasis on fixed yield. Binance Labs is committed to forward-thinking DeFi projects, while Pendle Finance is poised to integrate its unique yield management features across diverse blockchain platforms. Yi He, co-founder and head of Binance Labs, expressed the reasoning behind the partnership, while TN, co-founder and CEO of Pendle Finance, highlighted the potential growth avenues this partnership unlocks. This joint venture will drive accessibility and usability of yield opportunities across numerous venues.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
positive |
| Relevance Score |
9 |
| People |
Yi He, TN, Binance Labs, Pendle Finance, Crypto Briefing |
| Companies |
Binance Labs, Pendle Finance, Binance, DeFi, Binance Labs, Pendle Finance |
| Currencies |
Binance, Ethereum, Bitcoin, Pendle, None |
| Securities |
None |
