Huobi Ventures makes strategic investment in Beyond Finance
Beyond Finance is proud to announce a new first-of-its-kind strategic investment from Huobi Ventures, a partner, supporter and industry driver within the DeFi space.
The partnership is special, in that Beyond Finance is the first project to receive a multidimensional deal that will initiate investment, active support, strategic partnerships & advisory services from Huobi Ventures HECO Fund.
Beyond Finance’s success in navigating the industry post-IDO has been phenomenal, as evidenced by the introduction of Huobi Ventures into its ecosystem of partners and investors. Synthetic assets in crypto are still being discovered and Beyond Finance is on the forefront of these efforts to find the best ways synthetics can be used to deliver value to the industry at large.
In the past year, DEX, lending platform, stable currency, synthetic assets, insurance, etc. have witnessed explosive growth. The innovation speed of DeFi is far higher than traditional financial technology, the value of its enabling industry has been fully verified. In the same time, more and more reputable firms & top global exchanges are announcing “funds” to aggressively incubate strong projects that show potential. This deal for Beyond Finance from Huobi signifies this movement, as several top tier exchanges look to expand their portfolio within DeFi.
Synthetic assets is generally not a simple product for users. But Beyond looks to solve the need of easy trading, so that a variety of users, regardless of experience, are able to start trading, which is a significant. improvement in the richness of trading categories. Notable strategic partnerships have been formed in several key areas to allow Beyond Finance to launch a consumer-friendly synthetic asset platform within the DeFi space. The HECO ecosystem (including its users) will also benefit from the partnership;
- HECO users will be able to access Beyond Finance as integration of Huobi Wallet & Heco Chain (Beyond’s Hybrid Roll-up)
- Heco Users will be able to invest in synthetic assets more conveniently.
- Introduction of the first synthetic HT Tokens (HTb) on Beyond Finance Platform.
- Exclusive Staking Program benefits for HECO users.
Kenneth, Co-Founder & C.P.O at Beyond Finance said “It is without doubt that retail interest in synthetic assets has been growing exponentially at a phenomenal rate. We are excited and grateful that Huobi joins us as we look to enter the market with our consumer-friendly platform expanding the synthetic DeFi ecosystem. Our partnership opportunities will ensure Beyond Finance becomes a leading decentralized synthetic asset trading protocol.
About Huobi Ventures
Huobi Ventures is committed to further expanding the boundary of investment and M & A of Huobi in the world, focusing on emerging areas with future significance such as DeFi and NFT from the strategic level. This will allow Huobi Ventures to further assist the development of the blockchain industry through global expansion, and gather ecological advantages around the upstream and downstream investment of the industry.
Huobi Ventures HECO Fund is one of the specific funds of Huobi Ventures, which is mainly used to support the development of high-quality projects on the open platform and ecological chain of Huobi. At the same time, Huobi Ventures will integrate various resources to support the development of DAPP in HECO as much as possible, and provide the best support for the growth of DAPP by relying on the resources and flow accumulation of Huobi, including global marketing resources support, developer-oriented resource services, production improvement guidelines and more.
About Beyond Finance
Beyond is a decentralized platform for creating and trading synthetic financial products designed to suit the needs of the synthetic creator. These synthetic products can be made to track prices of underlying assets, such as currencies, commodities, stocks, exchange-traded funds and more. Each synthetic product can be made to represent $1 or more complex products, such as leveraged/inverse ETFs.
These synthetic products are governed by the Beyond protocol and collateralized by BYN tokens. Deep liquidity is created for synthetic products through our automated market maker that is built on our protocol. Bid/ask orders can also be used on the trading interface for controlled trading orders. BYN token holders are incentivized to stake and provide liquidity to the synthetic products, as it allows the token holders to be rewarded with additional BYN tokens.
Media Contact: media@beyondfinance.io
Litepaper: https://beyond-finance.gitbook.io/beyond-finance/litepaper/abstract
About Beyond Finance
Beyond is a decentralized synthetic product trading platform where users can create and trade synthetic financial products, unlocking the full potential of decentralized finance and derivatives without limits. With prominent key partners including Huobi Ventures, Spark Digital Capital, and OKex Block Dream Fund, Beyond Finance allows users to trade decentralized products without any restrictions, allowing individuals to reach their fullest to fully realize the value of Decentralized Finance.
