Over the weekend, Changpeng Zhao, known as CZ, the founder of the popular cryptocurrency exchange Binance, made an appearance in a virtual space alongside the team behind Aster, a perpetual decentralized exchange (DEX) project. During this interaction, CZ discussed his advisory role within the project and shed light on the connections between Aster and former employees of Binance. He also mentioned that YZi Labs holds a minority stake in Aster.

The collaboration between CZ and Aster is significant as it brings together the expertise and experience of the Binance founder with the innovative approach of the Aster team in the world of decentralized finance (DeFi). CZ's involvement in the project as an advisor could potentially provide valuable insights and guidance to help Aster navigate the rapidly evolving DeFi landscape.

Aster, as a perpetual DEX project, aims to offer users a decentralized platform for trading and exchanging digital assets in a seamless and secure manner. By leveraging blockchain technology and smart contracts, Aster provides a trustless environment for users to engage in trading activities without the need for intermediaries.

The disclosure of Aster's links to former Binance employees highlights the interconnected nature of the blockchain and cryptocurrency industry, where individuals with experience in leading companies often collaborate on new projects and initiatives. This network of professionals fosters innovation and collaboration, driving the development of new technologies and solutions within the crypto space.

Additionally, the revelation that YZi Labs holds a minority stake in Aster suggests that the project has garnered interest and investment from established players in the industry. YZi Labs, a known entity in the crypto space, bringing its resources and expertise to support Aster could further enhance the project's credibility and potential for success.

CZ's discussion about BNB loyalty in relation to Aster is also noteworthy. Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, and CZ's mention of BNB loyalty in the context of Aster indicates a potential integration or collaboration between the two projects. This could open up new opportunities for BNB holders to engage with Aster's platform and services, creating synergies between the two ecosystems.

Overall, CZ's involvement with Aster, along with the project's connections to ex-Binance personnel and investment from YZi Labs, underscores the growing interest and activity in the DeFi space. As decentralized finance continues to gain traction and disrupt traditional financial systems, collaborations and partnerships between industry players like CZ, Aster, and YZi Labs are likely to drive further innovation and growth in the crypto sector.

Source: https://news.bitcoin.com/binance-founder-cz-joins-x-space-to-clarify-aster-ties-and-advisory-role/