From Investing.com: 2024-05-22 09:00:08

Kelp DAO raises $9 million in private sale to scale up infrastructure in growing DeFi landscape, with total value locked across platforms exceeding $4 billion. Leading the round are SCB Limited and Laser Digital, alongside other prominent investors. Founders express gratitude for investor support to drive Kelp DAO forward. Plans to upgrade platform capabilities and expand into new ecosystems with over $850 million TVL and 40,000 active restakers. Notable angel investors include key figures from the crypto community backing Kelp DAO’s innovative restaking solutions. Laser Digital CEO and Hypersphere Ventures co-founder express excitement for Kelp DAO’s potential in boosting developer experimentation and enhancing yields for ETH stakers. Liquid restaking by Kelp and others allows ETH holders to invest without losing access to capital, with Kelp’s LRT available on Ethereum mainnet and eight L2 networks.

Read more at Investing.com.: Kelp DAO raises $9 million to boost DeFi and restaking platform By Investing.com