Saturday, May 18, 2024

Binance Bets on Pendle Finance’s Fixed Yield DeFi Product

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Alicia Garcia
Alicia Garciahttps://blog.cryptoapa.com/
Alicia is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.

Binance‘s investment division has funded decentralized finance (DeFi) yield protocol Pendle Finance. The capital will help Pendle expand across blockchain networks and provide easier yield farming for institutions and individuals. Pendle simplifies earning DeFi yields by letting users trade discounted future yields. The funding highlights Binance’s ongoing support for innovative DeFi projects enriching the crypto ecosystem.

Binance Bets on Pendle Finance to Democratize DeFi Yield Generation

The investment arm of leading crypto exchange Binance has allocated capital to Pendle Finance, a platform simplifying access to decentralized finance (DeFi) yields. The funding will support Pendle’s multi-chain expansion and mission to open DeFi yield opportunities to mainstream investors. Pendle facilitates yield generation by enabling users to trade future yield streams at a discount. Binance’s backing of Pendle reinforces its commitment to back promising DeFi innovations that add value.

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