Kelp DAO Successfully Completes $9 Million Private Sale Round for Restaking Innovations
Wednesday, 22 May 2024, 13:00
Expanding the Kelp ecosystem
With the fresh infusion of capital, Kelp DAO aims to bolster its platform, which already boasts over $850 million in Total Value Locked (TVL) and a community of more than 40,000 active users.
- The funds will be used to enhance platform capabilities.
- They will also be used to expand into new ecosystems like Solana (SOL) and Bitcoin (BTC).
- Furthermore, the funds will drive further innovation in restaking solutions.
Fueling investor confidence in DeFi restaking
Kelp’s proven team and focus on user experience is playing a key role in early success of restaking.
- Investors are thus looking forward to the team executing its vision of enhancing yields and optionality for Ethereum (ETH) stakers.
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