TRON (TRX) founder Justin Sun has made a multi-million dollar investment in an altcoin that Binance will list shortly.
On March 13th, Justin Sun took action and invested in the re-staking protocol ether.fi (ETHFI). According to on-chain data, Sun invested 120,000 ether (ETH) worth $480 million in ETHFI.
DeFiLlama data shows that interest in ETHFI has increased over the past month, with the total locked value (TVL) reaching $3 billion. Justin Sun has previously made headlines with his investments in the DeFi sector.
The world’s largest cryptocurrency exchange, Binance, announced on March 12th that the decentralized staking protocol ether.fi (ETHFI) was selected as the 49th Launchpool project.
According to the information provided, Launchpool users will be able to farm for 4 days starting from March 14th. Users who want to earn ETHFI will need to stake BNB or FDUSD.