Despite its legal troubles in the United States and other countries, the cryptocurrency trading platform Binance invested in various projects. Aside from its large share of the crypto exchange market, Binance also has significant investments in other crypto-focused companies.
In the past crypto- The exchange has invested in sectors such as decentralized finance (DeFi), NFTs, Metaverse and Web3 games through its venture capital arm Binance Labs. Here are the top five projects Binance Labs has invested in.
Pendle Finance
In August 2023, Binance announced its investment in Pendle Finance, a Yield Derivatives platform. The platform allows users to tokenize and trade future staking profits using the Automated Market Maker (AMM) mechanism. The model adopted by Pendle offers users greater freedom and a variety of strategies to maximize the return on their investment.
RadiantCapital
RadiantCapitalis a DeFi platform that allows users to effortlessly earn interest and borrow assets across multiple chains. The platform leverages Layer Zero technology and Stargate routers to improve user interactions between these blockchains. Binance Labs has made a significant investment in Radiant Capital to improve the platform’s lending and borrowing processes.
neutron
Koinfinans.com As we reported, third on the list is Neutron, a cross-chain smart contract platform that leverages the security of the Cosmos ecosystem. Binance Labs led a $10 million funding round for Neutron in July this year. As stated in the announcement, the funding will be used to continue developing Neutron’s blockchain software, expand the Neutron ecosystem, and help new developers create secure and user-friendly DApps.
Open Campus
The investment in Open Campus is one of Binance Labs’ latest investments. The crypto exchange on Monday announced a $3.15 million investment in the community-led Web3 education platform. Open Campus allows content creators to earn money by tokenizing educational content published on the platform.
Curve Finance
Last on the list is the largest stable exchange and the second largest decentralized exchange. Curve Finance It is located. The platform is one of the major names in Binance Labs’ investment pool, following a $5 million funding round in August. According to the announcement, Binance said that this investment underlines its commitment to collaborating with Curve and shaping the future of the DeFi industry.