According to ChainCatcher, the blockchain liquidity infrastructure project Sumer.money announced the completion of a $2 million financing. This round of strategic financing was jointly invested by Pantera, A&T Capital, Sanctor, Blockwall, ROK, Waterdrip, Kernel, AngelDAO, NoviDAO and other well-known investment institutions as well as more than 20 crypto founders, executives and OGs. These include Sandeep Nailwal (Polygon), TN Lee (Pendle), Victor Ji (Manta), Evan Kuo (Ampleforth), Brandon Iles (Ampleforth), and Ben Chan (Chainlink Vice President of Engineering).
Sumer is a highly capital-efficient blockchain liquidity infrastructure that creates a money multiplier in a decentralized, non-custodial way, allowing users to earn yield on multiple chains while not missing out on competitive DeFi yields on the asset's native chain. Sumer powers the high-performance EVM L1 with its Supernova kernel. This technology stack will be contributed to the Cosmos SDK as a next-generation alternative to future L1 and decentralized L2. Sumer's upcoming partners include Pendle, EtherFi, Puffer, KelpDAO, Slov, StakeStone, and Angle.