Binance Labs announced a $4.5 million strategic investment in Ambit Finance, a DeFi protocol on BNB Chain. Ambit Finance is a DeFi lending and yield protocol based on the Anchor Protocol. In the future, it will provide deposit yields for BUSD and will work with Binance Labs to launch new DeFi applications, increase the utility of BUSD and other assets on BNB Chain, and cooperate with projects outside the BNB Chain ecosystem.