CoinVoice has recently learned that the Lightning Network liquidity staking protocol UTXO Stack has completed its Series A financing with a valuation of US$50 million, jointly invested by UTXO Management, CMS, and PAKA.
After this round of financing is completed, UTXOStack will launch the first large-scale airdrop incentive plan for BTC liquidity in the Lightning Network in early January 2025. Subsequently, it will cooperate with the launch of the CKB Lightning Network FIber Network mainnet to conduct liquidity airdrop incentives for CKB and RGB++ related assets. TGE is expected to be completed in Q1 2025, which is the first TGE in the Lightning Network ecosystem.
It is reported that UTXO Stack has previously completed its 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. [Original link]
