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Binance Labs has committed a $5M investment in Curve DAO Token (CRV), a token powering the Curve ecosystem. As part of the collaboration, Curve will explore deployment to BNB Chain.
Yi He, Co-Founder of Binance and Head of Binance Labs, commented: "Curve is the largest stableswap, and as a key protocol in DeFi it has contributed to the steady growth of the space in 2023. Given the recent events that have impacted the protocol, Binance Labs has offered our full support to Curve through our investment and strategic collaboration. We view this cooperation as a starting point and look forward to working together to further propel the growth of the DeFi ecosystem."
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