The post Binance Labs Invests in DeFi Yield Project Pendle Finance! appeared first on Coinpedia Fintech News
Binance Labs, the investment arm of Binance Exchange, has invested in the DeFi yield agreement with Pendle Finance. The funding will be utilized to expand Pendle Finance’s presence on various blockchain networks and enable institutional and retail investors to access DeFi yield opportunities. Pendle Finance simplifies yield farming by offering a user-friendly platform that allows users to trade future DeFi yields for a discounted price. The investment further solidifies Binance’s commitment to supporting innovative DeFi projects that add value to the crypto ecosystem.
