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Binance Labs Invested in Pendle Finance

Binance Labs Invested in Pendle Finance
Source: Binance

Binance Labs has invested in Pendle Finance, a permissionless yield-trading protocol that allows users to execute various yield-management strategies.

The funds will be utilized to extend Pendle Finance’s reach across various blockchain ecosystems, providing both retail and institutional users with inclusive access to DeFi yield opportunities.

Presently, Pendle Finance supports 25 different pools spanning three blockchain networks: Ethereum, Arbitrum, and BNB Chain. Notably, a significant portion of these pools are Liquid Staking Derivative (LSD) pools that offer users novel ways to engage with staking rewards. Pendle Finance aims to further expand its presence across numerous ecosystems.

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