November 28, 2024
Astherus, a multi-asset liquidity hub, has closed a seed funding round led by Binance Labs. This marks a significant milestone for the platform, which aims to redefine decentralized finance (DeFi) through yield-generation strategies. Astherus seeks to resolve inefficiencies in the DeFi space, where vast amounts of cryptocurrency assets remain locked in systems yielding unsustainable returns.
With this funding, Astherus plans to enhance its flagship offerings, including AstherusEarn, a CeDeFi-based automated yield platform with custodial services provided by Ceffu, and USDF, a yield-bearing stablecoin backed by crypto assets and short futures positions. AstherusEarn utilizes liquid staking derivatives known as asTokens to deliver competitive returns through delta-neutral arbitrage strategies and stable trading mechanisms. USDF, convertible at a 1:1 ratio with USDT, offers 20–30% APY via asToken asUSDF, targeting the $130 billion USDT market.
This funding round also accelerates Astherus' roadmap, focusing on ecosystem expansion, user experience refinement, and product development. Following its participation in the Binance Labs Incubation Program, Astherus continues to align with its vision of maximizing asset utility and real yield, setting a new benchmark for DeFi solutions.
About Astherus
Astherus is a liquidity hub optimizing the yield potential of crypto assets. By combining centralized and decentralized finance, the platform empowers DeFi users with secure, high-yield strategies. Key products like AstherusEarn and USDF enable sustainable returns for individuals and institutions alike. Website: https://astherus.finance/ X: @AstherusHub
About Investor
Binance Labs
Binance Labs is the venture capital arm of Binance. Established to empower and support blockchain projects, it provides funding, mentorship, and industry expertise to accelerate innovation across the blockchain ecosystem.
Location: Hong Kong
Website: https://labs.binance.com/ A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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