Wu said that the UTXO Stack, a liquidity staking protocol for the Lightning Network, has completed its Series A funding round with a valuation of 50 million USD, jointly invested by UTXO Management, CMS, and PAKA. The project previously completed a seed funding round led by ABCDE Capital and SNZ Capital, with participation from OKX Ventures. After this round of financing, UTXO Stack will launch its first large-scale airdrop incentive program targeting BTC liquidity within the Lightning Network in early January 2025. Subsequently, it will coordinate with the launch of the CKB Lightning Network Fiber Network mainnet, providing liquidity airdrop incentives for CKB and RGB++ related assets. The Token Generation Event (TGE) is expected to be completed in Q1 2025.