Binance Labs Invests in Pendle Finance to Harness the Power of Yield Tokenization in DeFi
Binance Labs, the venture division of Binance, has made a strategic investment in Pendle Finance, a yield derivative protocol. This investment highlights Binance’s growing interest in the DeFi sector and its aim to leverage decentralized finance for institutional and retail users.
Key Points:
- Pendle Finance tokenizes yield, separating it into principal and yield-bearing segments.
- Users can purchase the principal part at a discount and earn the generated yield upon maturity.
- Pendle currently offers an annual fixed yield of 2.93% on USDT and 5.37% on stETH.
- Nearly half of Pendle’s deposits are in liquid staking derivatives, indicating the growing popularity of this sector.
- Binance Labs’ $10 million investment in Helio Protocol demonstrates its commitment to embracing the DeFi ecosystem.
Binance Labs, with a diverse portfolio of 200 projects valued at $9 billion, is always seeking innovative projects to advance DeFi accessibility. Pendle Finance’s CEO, TN, is excited about the partnership and the potential for growth.
Hot Take:
Binance Labs’ investment in Pendle Finance showcases its vision, innovation, and alignment with the goal of redefining the decentralized finance landscape. This collaboration will make DeFi more accessible, transparent, and yield-optimized for users worldwide.
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