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Binance Launching a Platform to Collaberate DEFI and CEFI


Combining CEFI and DEFI-Introducing a $100M Support Fund for DeFi Projects on Binance Smart Chain

We are setting up a US $ 100 million seed fund to empower emerging projects and strengthen collaboration between Centralized Finance (CeFi) and decentralized finance (DeFi).

Today, Changange Zhao, the founder and CEO of Binance, announced the creation of a $ 100 million USD seed fund for Daffy during The World of defi Summit conference. This fund and other Binance initiatives have pursued solutions to advance the defi ecosystem and patting the defi and the Seafi ecosystem.

The decentralized community building the Bynes Smart Chain will serve as a former investor and governance party for funding. Strong projects can receive up to $ 100,000 in funding.

Binance has continued to expand its footprint at this location, with the popular crypto exchange first investing in defi with its decentralized exchange in April 2019.

Earlier this month, Binance introduced a product called Launchpool - a trendy strategy to make a profit at DFI, by giving users a token for cultivating produce.

For example, with the launch of the Binance Smart Chain, we have introduced evidence of the Stake Authority consensus mechanism, a stacking functionality version for the original token of BNB, the Binance ecosystem. BNB holders participating in the stacking will receive BNB Rewards from Binance Smart Chain Validators and benefit from the same values  as the defi stacking return on the CFI platform.

SEPTEMBER 10, 2020