- Building a DeFi super app with collateralized lending
- Under-collateralized margin lending,
- Structured products for financial institutions.
The main focus of Ambit Finance will be on creating an instrument for yield generation. This will be based on the Binance USD (BUSD) coin.
Fun Fact: BUSD is a U.S.-regulated Binance stablecoin.
The funding from Binance Labs has opened a lot of prospective doors for Ambit Finance. Sphere CM, the co-founder and CEO of Ambit Finance also mentioned, “The Ambit team has unprecedented experience in scaling mass-adoption protocols. The product will leverage lessons learned over the past year and make security and sustainability its governing principles.”