Odaily Planet Daily reported that Bitcoin liquidity re-pledge protocol Echo Protocol completed the pre-seed round of financing! 🎉 This round of financing was participated by well-known investment institutions such as ABCDE, Maelstrom, The Spartan Group and Selini Capital.

Echo Protocol is an innovative protocol focusing on Bitcoin liquidity pledge and re-pledge. It not only introduces a new class of liquid assets to the Move ecosystem, but also works closely with multiple partners in the Bitcoin ecosystem. It is worth mentioning that Echo has achieved seamless integration with all native BTC L2 solutions (including Babylon) and supports a variety of BTC liquidity pledge tokens.

This news has undoubtedly injected new vitality into the Bitcoin market, and the future is promising! 🚀