HTX Ventures backed Kelp DAO, a company that offers an EigenLayer-based re-pledge mechanism.
In their most recent round of strategic private sales, the business has raised $9 million.
Use of funds
With the help of this finance, Kelp DAO will be able to improve its liquid restaking solutions, broaden its product offerings, and continue developing its technology.
About Kelp DAO
Under the direction of Dheeraj Borra, Kelp DAO provides a scalable EigenLayer-based solution, allowing consumers to remain up to speed on product developments via their official website and social media platforms. Presently, Kelp provides nine Layer 2 solutions—Arrum, Blast, Linea, Base, and Scroll—as well as liquid restaking across the Ethereum mainnet. It works with ETH, stETH, sfrxETH, and ETHx tokens.
