PANews reported on August 12 that according to The Block, the pledger liquidity release agreement Ion Protocol announced the completion of a $4.8 million financing, with participation from Gumi Capital Cryptos, Robot Ventures, BanklessVC, NGC Ventures, Finality Capital and SevenX Ventures, with a total financing amount of approximately $7 million. The new capital will be used to support and develop a native yield primitive called Nucleus, which aims to help solve the monetization problems of rollups and application chains, and may help foster new decentralized application use cases in its ecosystem.
Earlier news reported that Ion Protocol, a protocol for releasing liquidity to stakers, raised $2 million in funding, led by SevenX Ventures and Portal Ventures.
