TLDR:
- Ether.Fi, a liquid staking protocol, raised $27 million from over 95 investors.
- Projects related to EigenLayer, such as Ether.Fi, are attracting significant VC interest in the crypto space.
Liquid staking protocol Ether.Fi has raised $27 million from more than 95 investors, with ties to EigenLayer accounting for a significant portion of venture capital investments in crypto for February. According to Ether.Fi CEO Mike Silagadze, fundraising in the crypto space has significantly changed in recent months, with projects related to restaking protocols experiencing a surge in investor interest.
EigenLayer, the company behind the EigenLayer protocol, has been instrumental in pioneering liquid restaking, allowing users to secure Ethereum and other protocols simultaneously. Ether.Fi, a billion-dollar liquid restaking protocol, saw immense investor interest, surpassing the initial fundraising target significantly.
The value of assets deposited in EigenLayer has seen a substantial increase, making it one of the top protocols in DeFi. Venture capital firms are increasingly investing in EigenLayer-related projects, with more than a quarter of all VC investments in crypto for February going into projects linked to EigenLayer.
Despite a decline in crypto funding in 2023, the industry has experienced a resurgence, with a total increase in funding over the past three months. Ether.Fi leads in liquid restaking protocols with deposits exceeding $1.7 billion and plans to double its headcount this year with the newly raised funding.
Source: Original Article
