The liquidity staking protocol UTXO Stack for the Lightning Network has completed its Series A financing round and will provide airdrop incentives for CKB and RGB++ assets.

According to ChainCatcher, the liquidity staking protocol UTXO Stack has completed a Series A financing round with a valuation of $50 million, jointly invested by UTXO Management, CMS, and PAKA.

After the completion of this round of financing, UTXO Stack will launch its first-ever large-scale airdrop incentive program for BTC liquidity within the Lightning Network in early January 2025. Subsequently, this will be coordinated with the launch of the CKB Lightning Network Fiber Network mainnet, targeting liquidity airdrop incentives for CKB and RGB++ related assets. The TGE is expected to be completed in Q1 2025, marking the first TGE for the Lightning Network ecosystem.

According to reports, UTXO Stack has previously 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.