Binance Labs Fuels Helio Protocol's Liquid Staking Pivot with $10M Investment

Binance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol's ongoing shift towards becoming a liquid staking platform. The substantial funding from Binance Labs highlights Helio Protocol's promising potential and underscores the rising importance of liquid staking within decentralized finance (DeFi). A spokesperson from Binance Labs elaborated on their enthusiastic perspective concerning liquid staking. These protocols introduce additional use cases for liquid staking tokens, which could significantly accelerate the expansion of liquid staking.

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