Radiant Capital, a DeFi lending protocol, will benefit from a $10 million investment from Binance Labs to make it simpler for consumers to lend or borrow money across several blockchains.
Binance Labs Invest $10M in Radiant Capital
Up to 20 additional assets that the DAO deems secure will be supported after the new investments arrive on the mainnet.
The Ethereum Virtual Machine is a virtual setting that enables many chains backed by smart contracts to connect with one another. Similar bridge initiatives have received prior backing from Binance Labs, such as the creation of Cosmos Labs' Neutron platform.