Binance Labs Made Strategic Investment in OpenLeverage

Binance Labs announced that it has made an undisclosed amount of strategic investment in OpenLeverage, a permissionless lending and margin trading protocol. The fund raised will be used to strengthen OpenLeverage's presence on BNB Chain and develop a multi-chain ecosystem with planned expansions to other EVM-compatible chains like Polygon, Avalanche in the second half of 2022, and Ethereum Layer2 solutions, Arbitrum and Optimism.