Ambit introduces a new generation of DeFi applications. The experienced team will aim to become the hub of DeFi activity. This will lead to more popularity of the BNB Chain and more trust in BUSD. And this is so necessary now, when the risks of depeg stablecoins appear so often.

The development of this project is in the interests of Binance and it is not surprising that it is Binance Labs that invests up to $4.5 million in Ambit Finance to develop DeFi in the BNB network.

Now the project is at an early stage and there are no technical details, I think that after a while we will see new dapps launched in test mode.