ether.fi, a Cayman Islands-based provider of a liquid staking protocol designed with decentralization at its core, raised USD$5.3M in funding.
The round was led by North Island Ventures (NIV,) Chapter One, and Node Capital, with participation from Arrington Capital, Maelstrom, Version One Ventures and Purpose Investments.
The company intends to use the funds to increase its hiring across the next six months, and to build out partnerships with a variety of channels that will feed into the protocol, including custodians, centralized exchanges, crypto wallets, and hardware wallet apps.
Led by Mike Silagadze, Founder & CEO, ether.fi is a liquid staking protocol that allows stakers to retain control of their keys while delegating validator operations to a node operator. Formed under a shared vision of what DeFi should be, ether.fi offers stakers a decentralized, non-custodial staking solution that can serve as a building block for web3 infrastructure.
To support ether.fi’s validator operations at launch, the protocol will be partnering with leading node operators Kiln, Finoa, DSRV, and Allnodes. Responsible for fostering the adoption of multi-operator validation as a use case for Distributed Validator Technology (DVT), Obol will serve as ether.fi’s official DVT partner.
FinSMEs
01/03/2023