Binance Labs Fund Reveals Exciting Season 7 Project Lineup!

Key Points:

• Binance Labs Fund has announced its seventh season of incubation, including groundbreaking projects such as the pledge asset liquidity protocol Astherus and the chain abstraction liquidity network CYCLE NETWORK.
• The scalable data availability network DILL and EigenExplorer, based on EigenLayer, are designed to enhance data management and liquidity in the DeFi ecosystem.

Binance Labs Fund has announced its seventh batch of incubation, which includes an exciting mix of solutions in the blockchain and DeFi universe.

This season’s selection includes the pledge asset liquidity protocol Astherus, the chain abstraction aggregation liquidity network CYCLE NETWORK, the scalable data availability network DILL, and the EigenLayer-based DeFi protocol EigenExplorer.

Astherus and CYCLE NETWORK Highlighted in Latest Batch – Binance Labs Fund

Astherus is a pledge asset liquidity protocol that aims to revolutionize how users manage and use assets in DeFi. It provides improved liquidity solutions to help unleash asset potential, making it a great enabler. This is one of the reasons it has been pinned as one of the most promising additions to the Binance Labs Fund incubation roster.

CYCLE NETWORK is a unique concept for liquidity on multi-blockchain platforms. The project aims to make dealing with users easier and improve their experience by providing a seamless solution for liquidity that allows users to be connected to different blockchain networks.

Read more: Binance Labs Invests Pluto Studio Telegram-Based Web3 Game Catizen!

DILL and EigenExplorer Drive Innovation in DeFi

DILL is an on-chain, scalable data availability network that tackles one of the most critical challenges in the blockchain space: ensuring data remains available across all scale boundaries. DILL ensures that data remains available and reliable, thus providing a robust infrastructure for dApps and services built on blockchains.

EigenExplorer, based on EigenLayer technology, is a DeFi protocol designed to improve data and liquidity management across the DeFi ecosystem. It builds on EigenLayer and aims to provide a holistic solution for better efficiency and security to DeFi users.