Recently, HTX Ventures, the global investment arm of cryptocurrency exchange Huobi HTX, announced a strategic investment in Kelp DAO, a triple-income re-staking protocol based on EigenLayer.
Kelp DAO has raised $9 million in its latest strategic funding round, which will support its vision to reshape the DeFi and re-staking ecosystem. The funding will enable Kelp DAO to further develop cutting-edge technologies, expand its product range, and improve liquidity re-staking solutions. Currently, Kelp provides liquidity re-staking services on the Ethereum mainnet and nine Layer 2 solutions including Arbitrum, Blast, Linea, Base, and Scroll.
“We are delighted to support Kelp DAO. Their focus on improving user experience and driving developer experimentation has been critical to the early success of restaking,” said Anthony Hop, Managing Partner at HTX Ventures. “We believe Kelp DAO’s innovative approach will change the DeFi landscape and we are excited to be a part of their journey.”
Dheeraj Borra, co-founder of Kelp, said: This funding not only strengthens our operational capabilities, but also validates our vision for Kelp and is recognized by our investors. We are excited to further expand our solutions and enhance the user experience with their support.
HTX Ventures is pleased to support innovative projects like Kelp DAO that provide much-needed, user-friendly and scalable solutions. Users can get the latest product updates from Kelp DAO through the official website and social media channels.
About HTX Venturs
HTX Ventures is the global investment arm of Huobi HTX, integrating investment, incubation and research to identify the best and most promising teams in the world. As an industry pioneer with a decade of experience in blockchain, HTX Ventures promotes cutting-edge technology and emerging business models in the industry, and provides full support for cooperative projects, including financing, resources and strategic consulting, to build a long-term blockchain ecosystem. At present, HTX Ventures has supported more than 200 projects across multiple blockchain tracks, some of which have been listed on Huobi HTX trading. At the same time, HTX Ventures is one of the most active fund-of-funds (FOF) investors, working with Dragonfly, Bankless Ventures, Figment, Animoca, Shima, IVC and other world-leading blockchain funds to jointly build a blockchain ecosystem.
About Kelp DAO
Kelp DAO is one of the leading liquidity re-staking protocols with over $850 million in assets under management and 45,000 re-stakers. Its Liquidity Re-staking Token (LRT) was the first token to land on the Ethereum mainnet and pioneered liquidity re-staking of liquidity staked tokens. Currently, Kelp DAO provides liquidity re-staking services for native ETH and Liquidity Staking Tokens (LST) on the Ethereum mainnet and 9 Layer 2 networks.
With its recently closed first round of funding, Kelp plans to use the funds to expand into other ecosystems such as Solana and Bitcoin, and continue building innovative restaking infrastructure and solutions.
