Binance has announced that it has invested in Pendle Finance, the 35th launchpool project it announced and listed in early July.
The following statements were included in the announcement:
“Binance Labs, the venture capital arm of Binance, has invested in Pendle Finance, a DeFi protocol that enables tokenization and trading of returns.
The investment strengthens Binance Labs' commitment to supporting innovative projects that will shape the next generation of DeFi primitives.
The funds will be used to expand Project Fylde's reach across various blockchain ecosystems and provide inclusive access to DeFi yield opportunities to both retail and enterprise users.”
After Binance's announcement, the Pendle price rose by 20%.