# Binance Labs backs Helio Protocol with $10M investment

By [0000000000](https://paragraph.com/@42320) · 2023-11-20

---

We are excited to share that Binance Labs has committed 10 Million USD to Helio Protocol.

This investment will enable us to quicken our pace, making us even more of a contender in the LSDfi arena. Our focus will now turn to building our team, broadening the range of collateral among liquid staking providers, and strengthening our capabilities for multi-chain expansion in the future.

These actions are aimed at ensuring that Helio, along with Synclub, provides a strong, safe, and multifaceted platform for the LSDfi sector. Furthermore, the team is preparing to roll out a detailed development path for our community and update the project’s image to reflect this exciting new phase of development and creativity.

Read the full press release [here](https://www.binance.com/en/blog/ecosystem/binance-labs-commits-$10-million-to-helio-protocol-to-advance-the-lsdfi-revolution-3457570284541750043).

Follow our socials for the latest updates on Synclub & Helio Protocol

🔸Twitter: [https://twitter.com/Helio\_Money](https://twitter.com/Helio_Money)🔸Helio Website: [https://helio.money](https://helio.money/)🔸Synclub Website: [https://Synclub.io](https://synclub.io/)🔸Discord: [https://discord.gg/heliomoney](https://discord.gg/heliomoney)🔸Announcements: [https://t.me/helio\_money\_ann](https://t.me/helio_money_ann)🔸Telegram EN: [https://t.me/helio\_money](https://t.me/helio_money)🔸Telegram CN: [https://t.me/HeliomoneyCN](https://t.me/HeliomoneyCN)

8

---

*Originally published on [0000000000](https://paragraph.com/@42320/binance-labs-backs-helio-protocol-with-10m-investment)*