News Explorer — Binance Labs Announces Investment in Fixed-Yield Protocol Pendle Finance

Binance Labs Announces Investment in Fixed-Yield Protocol Pendle Finance

Binance Labs has made an undisclosed investment in Pendle Finance, a DeFi application focused on yield tokenization. The funding will support Pendle Finance’s multichain expansion and reach both retail and institutional users. Pendle Finance’s fixed yield offering, which splits yield-bearing tokens into principal and yield components, is seen as crucial for institutional hedging. Pendle Finance currently provides fixed yields on Tether’s USDT and stETH tokens.

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Binance Labs Announces Investment in Fixed-Yield Protocol Pendle Finance

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