Binance Labs Invests up to $4.5 Million in Ambit Finance

Binance Labs announced a strategic investment of $4.5 million in Ambit Finance, a DeFi agreement. The deal will also see Binance Labs and Ambit collaborate on launching future DeFi apps, and partner with projects within the BNB Chain ecosystem and beyond. 

Ambit Finance is a DeFi lending and yield protocol that refers to the Anchor Protocol, aiming to enhance the utility of BUSD and other assets on the BNB Chain.