YZi Labs (Prev. Binance Labs) Portfolio

Mysten Labs’ five co-founders built Sui by turning Move resources into explicit onchain objects. The chain launched in 2023, changed its consensus engine, survived repeated validator-software halts and approved the Cetus recovery proposal with 90.9% of counted stake, excluding Foundation stake—events that make its speed, fixed supply and human control easier to separate.

PancakeSwap turned a BNB Chain AMM into a multichain product family and used CAKE to subsidize liquidity. Its current 400M cap and burns are governance policy layered over an uncapped, MasterChef-owned token contract; holder votes do not equal product ownership.

Aptos carries Move and Block-STM out of the Diem engineering lineage, but APT rights are defined by stake and governance code. Its 2026 supply-cap vote also shows why approved policy, executable payload and live protocol state must be checked separately.

Injective embeds spot and derivative orderbooks in a Cosmos chain. Its weekly winner-take-all Burn Auction evolved into a monthly Community BuyBack in October 2025; committed INJ is burned, but validator issuance continues and holders do not automatically receive exchange revenue.

CRV is the emission and governance asset around Curve’s family of AMMs. Locking CRV creates decaying veCRV voting power that directs gauges and fee policy; it does not create ownership of pool reserves, the Curve software organization, or a guaranteed revenue stream.

Terra Luna Classic is the original columbus-5 chain's asset, renamed LUNC after UST collapsed and a separate phoenix-1 network took the Terra name. LUNC now pays fees, backs staking and votes, but its trillion-scale supply, adjustable burn tax and validator-run upgrades do not create redemption or corporate rights.

BTT is the gas and governance asset of BTTC, descended from a token incentive added to the BitTorrent ecosystem after TRON acquired the company. The 1:1,000 redenomination, conditional host and staking income, and discontinued public bridge define what the token does—and what it does not own.

Pendle turns a yield-bearing position into an SY wrapper, an expiring PT principal claim and an expiring YT yield claim. Its markets are immutable, while newer SY adapters and Router V4 can be upgraded; meanwhile sPENDLE is replacing vePENDLE, so plain PENDLE alone promises neither principal nor fixed fee income.

AXS is a capped 270 million governance and ecosystem token; SLP is an uncapped game resource; Axies are NFTs governed by separate ownership and artwork-license terms. Their economy moved from Ethereum to Ronin, survived a five-key bridge breach, then moved to CCIP and an Ethereum L2 while treasury voting remained narrower than control of the game.

CHZ began as an 8,888,888,888-token Ethereum issue and now pays gas and secures Chiliz Chain. Dragon8 made supply inflationary, while validator-gated chain governance and Socios Fan Token polls confer narrower powers than ownership of Chiliz or a sports club.

GENIUS is the BNB Chain token associated with Genius Terminal, not similarly named GENI, GENS or GNUS assets. Shuttle Labs operates the noncustodial interface, while a separate Genius Foundation DAO is described as governing protocol safety. Public materials leave the token’s admin keys, unlock schedule and live holder governance unresolved.

The Sandbox calls SAND money, LAND property and ASSETs creations, but each label maps to a different contract and a different legal right. This biography follows Pixowl's game into Animoca's platform, Polygon bridges and a DAO whose votes coexist with company moderation and upgradeable NFT contracts.

SafePal is a wallet company and SFP is its two-chain utility token. The product keeps user keys, contract supply and company promises on different trust rails: 500 million designed supply, a 2023 dead-address migration, campaign-based staking and no corporate property or redemption right.

1inch began as a route finder, then added signed limit orders and Fusion resolver auctions. Its biography separates useful software from authority: 1INCH can create governance power, but does not itself own the router, treasury, interface operator or resolver business.

GoPlus Security (GPS) links a live Web3 risk API to a proposed contributor economy for security data, AVS compute and governance. GPS launched on Base with a 10 billion cap and also exists through an upgradeable BNB Chain proxy. API availability does not prove every request consumes GPS, and holding the token grants utility and network participation rather than equity, debt or guaranteed redemption.

GALA is the ecosystem token that survived a 2023 Ethereum contract replacement and became GalaChain gas. Its 50 billion cap, dynamic emissions, node rewards and burns coexist with upgrade, mint, pause and blocklist roles—and none gives holders ownership of Gala’s games, music, films or companies.

MultiversX is the continuation of Elrond: ERD was redenominated 1,000:1 into EGLD in 2020, while the 2022 name change did not create another coin. Its biography separates sharded validation, fee-offset issuance, stake-based governance, validator upgrades and optional account guardians from corporate or redemption rights.

Lista USD (lisUSD) is the BNB Chain stablecoin formerly called HAY. It is minted as collateralized debt and burned on repayment through upgradeable Lista contracts; its dollar target depends on collateral, oracles, liquidations and market incentives rather than a legal claim on bank dollars.

ARKM is the Ethereum token at 0x6E2a…b050 used for Arkham's intelligence marketplace, rewards and some exchange fee discounts. Its documents describe governance and a one-billion allocation, while the upgradeable token owner retains mint, pause and upgrade powers that holders do not share.

Kava began with USDX debt positions on its Cosmos chain, then added an EVM without deleting those native markets. Inflation is currently zero, while live 2026 state shows CDP and Lend still operating under the caps that proposal 215 passed and proposal 221 failed to replace.

Oasis grew from Dawn Song’s privacy-computing research into a proof-of-stake network with separate ParaTimes. Sapphire moved from testnet to mainnet in 2022, OPL connected its confidentiality to other chains in 2023, and ROFL took attested code off-chain in 2025—without making hardware, keys or external data automatically trustworthy.

DUSK moved from Ethereum and BSC onto its own mainnet in January 2025. It pays gas and supports staking, but privacy depends on network operations: the Rusk 1.7 Boreas restart paused new Phoenix transactions while Moonlight stayed available. Published sources establish neither binding holder votes over upgrades nor claims on assets issued by network users.

Yaoqi Jia’s AltLayer began with disposable rollups for short bursts of demand, then proposed VITAL, MACH and SQUAD to add restaked security to application chains. MACH reached mainnet deployments and ALT gained staking uses, but operators, MACH administrators and the token-owner Safe still hold distinct powers. By 2026 the company had also moved into on-chain AI agents.