Binance Labs, the $10 billion enterprise capital and incubation arm of cryptocurrency alternate Binance, has made a strategic funding in Solayer, the Solana restaking protocol. Though the precise quantity of the funding has not been disclosed, this transfer underlines that Binance Labs continues to give attention to the crypto staking and restaking sectors.
The funding in Solayer is a part of Binance Labs’ broader technique to assist numerous staking initiatives throughout a number of blockchain ecosystems. Latest investments embody Ethereum liquid staking protocols equivalent to Puffer Finance and Renzo, Bitcoin staking protocol Babylon, and Berachain liquid staking protocol Infrared.
*This isn’t funding recommendation.