The venture division of the Binance crypto exchange has selected four projects — Astherus, Cycle Network, Dill and EigenExplorer — for the seventh season of the incubation program.
We’re thrilled to unveil the first batch of projects that we admitted into Season 7 Incubation@AstherusHub@cyclenetwork_GO@dill_xyz_@EigenExplorer
Note: Incubation admission isn’t the same as Labs investments.
Learn more about the projects (listed alphabetically) below 👇
According to the statement, Astherus is a "liquidity center" for staking assets like LST and LRT.
The ecosystem of the project consists of three components: DEX AstherEX, the AstherEarn passive income platform and the L1 AstherLayer blockchain based on the Cosmos SDK. The solution supports the Ethereum and BNB Chain networks.
Cycle Network is a "universal, secure and verifiable" chain abstraction that offers a bridge—free aggregated liquidity protocol for all levels and interoperability, including L1, L2, EVM and non-EVM.
Dill introduces the "most scalable" data availability network in Ethereum, fully compatible with the Danksharding roadmap. The project documentation says that the protocol supports "millions of validators", and also has a bitcoin staking and restaking function.
EigenExplorer is the first native DeFi protocol from EigenLayer. The project offers an API for fast and confidential data tracking in the restaking ecosystem. The solution is free and open to the public.
Recall that Binance Labs has selected 12 startups for the sixth season of the incubation program. The list includes projects from various categories, including blockchain infrastructure, DeFi, AI, Web3, GameFi and AI.