Liquidity rehypothecation protocol EigenLayer secures $100 million in funding from a16z
According to Bloomberg, the cryptocurrency venture capital firm a16z has invested $100 million in the liquidity re-collateralization protocol EigenLayer.
EigenLayer, founded by Sreeram Kannan, supports tokens being deposited or "re-pledged" into the network to support verifying transactions on the blockchain, helping new projects built on Ethereum leverage blockchain security to secure their networks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: GameStop's Q3 Bitcoin holdings value shrank by $9.4 million compared to Q2
ETH falls below $3,300
Data: A new wallet has once again received 300 BTC worth $27.6 million from Galaxy Digital
Trending news
MoreCrypto prices
More
