October 21, 2024
Echo Protocol, the pioneering Bitcoin liquid restaking and yield layer on MoveVM, has successfully completed its pre-seed funding round. This round saw investments from prominent backers such as Spartan Group, ABCDE Capital, Maelstrom Fund, Selini Capital, Web3Port, Auros, Presto Labs, Sats Ventures, Aptos, Movement Labs, and B² Network.
Project | Latest Raise Date | Stage | Category |
|---|---|---|---|
Echo Protocol | October 21, 2024 | Pre-Seed Round | Bitcoin |
With 2,000 BTC already locked in, Echo is making significant strides within the Move ecosystem, collaborating with DeFi projects like Cellana and Aries. Users can earn up to 12% APT yield on aBTC deposits while also accumulating rewards such as Echo Points, B² Points, and staking incentives.
Supported by some of the biggest names in the crypto industry, Echo is poised to transform BTC yield in the DeFi space.
About Echo Protocol
Echo Protocol is a platform that allows users to bridge, restake, and earn yield from their Bitcoin assets on the MoveVM. It integrates with various DeFi projects, enabling users to maximize their returns through liquid restaking and yield farming. By locking in BTC, users can earn attractive yields and accumulate additional rewards like Echo Points and staking incentives. Echo Protocol aims to enhance the utility and profitability of Bitcoin within the decentralized finance ecosystem.
Website: https://www.echo-protocol.xyz/
About Investor
Spartan Group, ABCDE Capital, Maelstrom Fund, Selini Capital, Web3Port, Auros, Presto Labs, Sats Ventures, Aptos, Movement Labs, and B² Network.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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