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💥Lightning Network Liquid Staking Protocol UTXOStack Completes Series A Financing, Preparing for TGE in Q1 2025
The Lightning Network Liquid Staking Protocol UTXOStack has completed Series A financing with a valuation of 50 million USD, jointly invested by UTXO Management, CMS, and PAKA. Previously, it completed a seed round of financing led by ABCDE Capital and SNZ Capital, with participation from CKB Eco Fund, OKX Ventures, UTXO Management, Waterdrip Capital, Matrixport, y2z Ventures, and DRK Lab.
It is reported that after the completion of this round of financing, UTXOStack will launch its first-ever large-scale airdrop incentive program targeting BTC liquidity on the Lightning Network in early January 2025. Subsequently, it will coordinate with the launch of the CKB Lightning Network Fiber Network mainnet to provide liquidity airdrop incentives for CKB and RGB++ related assets. The TGE is expected to be completed in Q1 2025, marking the first TGE in the Lightning Network ecosystem.
The Lightning Network Liquid Staking Protocol UTXOStack has completed Series A financing with a valuation of 50 million USD, jointly invested by UTXO Management, CMS, and PAKA. Previously, it completed a seed round of financing led by ABCDE Capital and SNZ Capital, with participation from CKB Eco Fund, OKX Ventures, UTXO Management, Waterdrip Capital, Matrixport, y2z Ventures, and DRK Lab.
It is reported that after the completion of this round of financing, UTXOStack will launch its first-ever large-scale airdrop incentive program targeting BTC liquidity on the Lightning Network in early January 2025. Subsequently, it will coordinate with the launch of the CKB Lightning Network Fiber Network mainnet to provide liquidity airdrop incentives for CKB and RGB++ related assets. The TGE is expected to be completed in Q1 2025, marking the first TGE in the Lightning Network ecosystem.
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