0%

Binance Labs Leads $1.6 Million Strategic Investment Round for MOUND

Apr 17, 2021 2 min read
News Article Banner Image

MOUND is the innovative team behind Pancake Bunny, the leading yield platform on the Binance Smart Chain (BSC). In the month of March, Pancake Bunny added over USD 1 billion in TVL (Total Value Locked) and over 20,000 in DAU (Daily Active Users).

The investment will enable MOUND to accelerate the delivery of new, cutting-edge features and products, such as cross-chain collateralization and smart vaults, and enhance the ongoing development and optimization of the Pancake Bunny platform. With this strategic investment, Binance and MOUND will work together to innovate across the full spectrum of DeFi activity on BSC, from farming to lending to swapping, and to deliver the uniquely high returns that BSC makes possible to users outside the BSC community.

“We were impressed by the phenomenal growth at MOUND (Pancake Bunny), especially with MOUND’s ability to create value for users on the Binance Smart Chain (BSC). Our decision to invest was based on our high rating of the MOUND team’s execution and product expertise. We look forward to bring DeFi on BSC to the next level with Pancake Bunny,” said Wei Zhou, Head of Binance Labs.

“We are extremely excited to partner with Binance to bring the massive returns enabled by the Binance Smart Chain to new markets,” said Jun Hur, CEO and Co-Founder of MOUND. “Innovations such as cross chain collateralization and smart vaults expand our reach to Ethereum and beyond, bringing us one step closer to realizing our vision to put the power of DeFi in everyone’s hand. With decades of experience across the game, app, and finance industries, MOUND is committed to a user-centered approach to design and live service. We are profoundly grateful to the incredible Pancake Bunny community, whose amazing support and enthusiasm have propelled Pancake Bunny to a TVL of over USD 2 billion and a DAU of over 30,000 in a little over 4 months.”

Popular news

How to Set Up and Use Trust Wallet for Binance Smart Chain
#Bitcoin#Bitcoins#Config+2 more tags

How to Set Up and Use Trust Wallet for Binance Smart Chain

Your Essential Guide To Binance Leveraged Tokens

Your Essential Guide To Binance Leveraged Tokens

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)
#Subscriptions

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)

What is Grid Trading? (A Crypto-Futures Guide)

What is Grid Trading? (A Crypto-Futures Guide)

Start trading with Cryptohopper for free!

Free to use - no credit card required

Let's get started
Cryptohopper appCryptohopper app

Disclaimer: Cryptohopper is not a regulated entity. Cryptocurrency bot trading involves substantial risks, and past performance is not indicative of future results. The profits shown in product screenshots are for illustrative purposes and may be exaggerated. Only engage in bot trading if you possess sufficient knowledge or seek guidance from a qualified financial advisor. Under no circumstances shall Cryptohopper accept any liability to any person or entity for (a) any loss or damage, in whole or in part, caused by, arising out of, or in connection with transactions involving our software or (b) any direct, indirect, special, consequential, or incidental damages. Please note that the content available on the Cryptohopper social trading platform is generated by members of the Cryptohopper community and does not constitute advice or recommendations from Cryptohopper or on its behalf. Profits shown on the Markteplace are not indicative of future results. By using Cryptohopper's services, you acknowledge and accept the inherent risks involved in cryptocurrency trading and agree to hold Cryptohopper harmless from any liabilities or losses incurred. It is essential to review and understand our Terms of Service and Risk Disclosure Policy before using our software or engaging in any trading activities. Please consult legal and financial professionals for personalized advice based on your specific circumstances.

©2017 - 2024 Copyright by Cryptohopper™ - All rights reserved.