Binance, the world’s largest cryptocurrency trade, made $5 million in Curve DAO (CRV).
Binance mentioned in a press release that Binance Labs, the enterprise capital and incubator arm of Binance, has invested $5 million in Curve DAO Token (CRV), an Ethereum-based token that powers the Curve ecosystem.
The assertion made the next statements:
“Binance Labs has invested $5 million in Curve DAO Token (CRV), an Ethereum-based token that powers the Curve ecosystem.
This funding underlines Binance Labs’ dedication to collaborating with Curve and shaping the way forward for the DeFi business.”
Yi He, Binance’s Co-Founder and President of Binance Labs, mentioned, “Curve is the most important steady trade and, as a key protocol in DeFi, has contributed to the house’s regular progress in 2023. In accordance with the protocol, Binance Labs, by our investments and strategic cooperation, has created Curve’. We see this collaboration as a place to begin and stay up for working collectively to additional drive the expansion of the DeFi ecosystem.” mentioned.
As a part of the Binance Labs and Curve collaboration, Curve plans to distribute to the BNB Chain.
Curve serves as the muse layer of DeFi, and this transfer will additional drive the expansion of the BNB Chain DeFi ecosystem.
“BNB Chain has gained a major presence in DeFi and is properly positioned to deploy Curve’s present and future merchandise on its chain,” mentioned Michael Egorov, Curve founder. We stay up for collaboratively fostering innovation and progress within the DeFi ecosystem.”
CRV worth rose 6% after the information.
*Not funding recommendation.
