CandleFocus JUST IN! Binance Labs Announces New Cryptocurrency Project It Invested In!
2024-11-25
Author: Content Editor
Binance Labs, the venture capital and incubation arm of Binance, has made an investment in Kernel DAO. The purpose of the investment is to develop re-staking solutions on the BNB chain. Kernel will transform BNB's security into programmable trust for various crypto applications. It aims to increase utility and capital efficiency by integrating native and liquid staking tokens across BNB, Bitcoin, and other yield-generating assets. Binance Labs sees this investment as aligning with its mission to bring more users to Web3 and advance the ecosystem.
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