Binance Labs Invests in Solayer to Enhance Solana’s Staking Ecosystem
CryptoNewsTerminal Staff07 Aug, 2024
Binance Labs Invests in Solayer to Enhance Solana’s Staking Ecosystem
Binance Labs, the venture capital arm of Binance, has made an undisclosed investment in Solayer, a Solana-based liquid staking protocol. This investment will enable Solayer to expand its team and onboard more protocols into its ecosystem. Solayer's liquid staking solution allows users to stake their SOL tokens and earn rewards while maintaining liquidity. This makes it easier for users to participate in staking and earn rewards without having to lock up their tokens for an extended period. The investment from Binance Labs is a significant endorsement of Solayer's technology and its potential to revolutionize the staking experience on Solana. With the support of Binance Labs, Solayer is well-positioned to grow its team and accelerate the adoption of its liquid staking solution.
