Kintsu secures $4M seed funding to revolutionize DeFi with liquid staking on Monad network.

From Investing.com

July 25, 2024 01:30 PM:

Kintsu, an innovative liquid staking protocol, completes a $4 million seed funding round led by Castle Island Ventures and other prominent investors. The protocol aims to revolutionize DeFi by offering composable staking rewards, enhancing liquidity, and improving security on the Monad network. This funding will accelerate the development of Kintsu’s liquid staking middleware.

Kintsu’s strategic vision includes catalyzing the Monad DeFi ecosystem by integrating staking into various protocols. With a focus on efficiency and DAO participation, Kintsu leverages best practices from multi-billion dollar TVL protocols to advance liquid and composable staking solutions. The protocol aims to make DeFi more efficient and user-friendly by offering LSTs as core routing tokens and collateral.

Kintsu emerges as a pioneer in liquid staking protocols, offering enhanced liquidity and security through composable staking rewards on the Monad network. The platform is designed to meet the evolving needs of the digital asset ecosystem, providing a seamless and potentially rewarding staking experience for users.

Castle Island Ventures, a leading venture capital firm specializing in blockchain technology and DeFi, supports early-stage investments in innovative companies. With a strong portfolio and commitment to fostering decentralized innovation, Castle Island Ventures plays a key role in advancing the growth of the blockchain ecosystem.

Read more at Investing.com: Kintsu Secures $4M in Seed Funding Led by Castle Island Ventures to Catalyze Monad DeFi with Liquid Staking By Chainwire