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Binance Labs Invests in Pendle Finance to Scale DeFi Yield Opportunities and Drive Adoption for LSDfi


Key takeaways:

  • Binance Labs has invested in Pendle Finance, a permissionless yield-trading protocol that allows users to execute various yield-management strategies.

  • The investment reinforces Binance Labs' commitment to supporting innovative projects that are set to shape the next generation of DeFi primitives. 

  • The funds will be utilized to extend Pendle Finance’s reach across various blockchain ecosystems, providing both retail and institutional users with inclusive access to DeFi yield opportunities.

Binance Labs, the venture capital and incubation arm of Binance, has invested in Pendle Finance, a DeFi protocol that enables the tokenization and trading of yield. The investment emphasizes Binance Labs’ commitment to supporting promising projects that will shape the next generation of DeFi primitives, and enable Pendle Finance to extend their reach across various blockchain ecosystems, providing both retail and institutional users with inclusive access to DeFi yield opportunities. 

With a special focus on inclusivity, Pendle Finance has developed a variety of features that delivers greater flexibility for yield management through an intuitive platform. Fixed yield, which is traditionally the backbone of institutional hedging, will play a pivotal role in the project’s growth, unlocking access to more deterministic yields that will allow users to optimize accordingly. 

Democratizing Yield Opportunities

"Binace Labs is always looking for projects that are spearheading innovation in DeFi sectors that will enable access to a wider audience. 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 working closely with Pendle Finance and supporting their journey of reshaping the DeFi landscape towards a more inclusive ecosystem," commented Yi He, Co-Founder & Head of Binance Labs. 

Presently, Pendle Finance supports 25 different pools spanning three prominent blockchain networks: Ethereum, Arbitrum, and BNB Chain. Notably, a significant portion of these pools are Liquid Staking Derivative (LSD) pools that offer users novel ways to engage with staking rewards. Pendle Finance aims to further expand its presence across numerous ecosystems, growing and leading the LSDfi economy with these efforts.

"We at Pendle are on a mission to redefine how yield generation is experienced by users. Our collaboration with Binance Labs brings unparalleled expertise and resources that will catalyze our growth, ultimately driving accessibility and usability of yield opportunities across numerous venues. We are excited to embark on this journey together, propelling DeFi into a new era of inclusivity and innovation," shared TN, Co-Founder and CEO of Pendle Finance.

About Pendle Finance

Pendle Finance is a decentralized protocol that enables the tokenization and trading of future yield. As a yield derivative protocol, they are bringing the TradFi interest derivative market into DeFi, making it accessible to all. Pendle Finance helps unlock the full potential of yield, enabling users to execute advanced yield strategies such as fixed yield and long yield. For more information, follow Pendle Finance on Twitter.

About Binance Labs

As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $9 billion. Its portfolio covers 200 projects from over 25 countries across six continents and has a return on investment rate of over 10X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on Twitter.

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