Binance Labs to Invest in Pendle Finance, seeks Expansion in Blockchain Ecosystems

Binance Labs, the company's venture capital and incubation arm, has invested in Pendle Finance, a DeFi protocol that enables yield tokenization and trading.

The investment underscores Binance Labs' commitment to supporting promising projects that will shape the next generation of DeFi primitives, and will allow Pendle Finance to expand their reach across various blockchain ecosystems, providing both retail and institutional users with inclusive access to DeFi yield opportunities, according to a statement released on Aug 23 by Binance Labs.

Pendle Finance has developed a number of features that provide greater flexibility for yield management via an intuitive platform, with a special emphasis on inclusivity.

Fixed yield, traditionally the backbone of institutional hedging, will be critical to the project's growth, allowing users to access more deterministic yields and optimise accordingly.

"Binace Labs is always looking for projects that are spearheading innovation in DeFi sectors that will enable access to a wider audience," says Pendle Finance. "Pendle Finance's focus on multi-chain expansion and innovative yield strategies align with our vision for the future of DeFi." We look forward to collaborating with Pendle Finance and supporting their efforts to reshape the DeFi landscape into a more inclusive ecosystem," said Yi He, Co-Founder and Head of Binance Labs.

Pendle Finance currently supports 25 different pools across three major blockchain networks: Ethereum, Arbitrum, and BNB Chain.