According to Foresight News, Binance Labs announces a $4.5M strategic investment in DeFi protocol Ambit Financ, a DApp using novel structured financial products to enhance the utility of BUSD and other select crypto assets.
Ambit Finance will provide BUSD deposit income in the future, cooperate with Binance Labs to launch future DeFi apps with a focus on innovation, security, and risk control, and partner with projects within the BNB Chain ecosystem and beyond.