{"id":82943,"date":"2023-08-11T16:27:23","date_gmt":"2023-08-11T13:27:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82943"},"modified":"2025-09-12T08:04:49","modified_gmt":"2025-09-12T05:04:49","slug":"binance-labs-invests-10-million-in-helio-protocol-to-expand-liquid-staking-platform","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-labs-invests-10-million-in-helio-protocol-to-expand-liquid-staking-platform\/","title":{"rendered":"Binance Labs Invests $10 Million in Helio Protocol to Expand Liquid Staking Platform"},"content":{"rendered":"

Binance’s venture arm allocated<\/a> $10 million to Helio Protocol to expand the liquid staking<\/a> platform.<\/p>\n

The protocol currently operates on the BNB Chain ecosystem. With the new funding, it will expand to Ethereum, and then to L2<\/a> networks Arbitrum and Zksync.<\/p>\n

In addition, the funds will be used by the Helio team to increase staff, diversify collateral and develop the project. The developers will also update the roadmap and undertake a rebranding.<\/p>\n

\n

\u201cOur mission is to provide the community with access to high-quality LSDfi infrastructure with a high level of security, helping users increase capital efficiency and rewards for assets locked in the network,\u201d said Toru Watanabe, head of the protocol.<\/p>\n<\/blockquote>\n

According to Binance, the protocol’s total value locked (TVL) is about $300 million, of which $260 million is staked. The project also has a USD-pegged stablecoin, HAY.<\/p>\n

In July the protocol merged<\/a> with Synclub, a provider, and announced the diversification of its stablecoin reserves.<\/p>\n

Earlier in July, Binance Labs invested $10 million in the lending protocol Radiant Capital.<\/p>\n

Earlier, Binance Labs invested $4 million in the Web3Go startup, focused on intelligent data analytics.<\/p>\n

In August the investment platform allocated $2.5 million<\/a> to the zkPass privacy protocol.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance’s venture arm allocated $10 million to Helio Protocol to expand the liquid staking platform.<\/p>\n","protected":false},"author":1,"featured_media":82944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1289,1133],"class_list":["post-82943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-cryptocurrency-staking","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=82943"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82943\/revisions"}],"predecessor-version":[{"id":82945,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82943\/revisions\/82945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/82944"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=82943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=82943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=82943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}