MOUND is the team behind Pancake Bunny, a yield platform on the Binance Smart Chain. Last month, Pancake Bunny witnessed an increase of more than $1 billion in TVL (total value locked) and over 20,000 in daily active users.
The move to fund the project is part of Binance Labs’ commitment to promoting DeFi and blockchain initiatives that foster innovation. And in addition to Binance Labs, the funding round attracted other investors such as IDEO CoLab, Andrew Lee, and SparkLabs.
Following the investment, MOUND will be able to fast-track the delivery of its new cutting-edge features and products, including cross-chain collateralization and smart vaults, as well as optimizing the ongoing development of the Pancake Bunny platform.
Commenting on the partnership, Wei Zhou, Head of Binance Labs said:
Continue reading on BTC Peers
Source: Cryptocurrency - investing.com
