🚀 Helix Labs Raises $2M in Pre-Series Funding, Reaches $40M Valuation! 🚀

- Lead Investors: Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group.

- Goal: Bring Cardano (ADA) liquidity to Decentralized Finance (DeFi).

💡 Helix Labs is developing a protocol that allows ADA holders to stake tokens and use them in DeFi at the same time. This unlocks $12B of ADA liquidity!

- Helix Labs Products:

- Helix Vault: Integrates staking protocols to maximize asset returns.

- UniRollup L2: Interacts with DeFi protocols for ADA holders.

- OmniVM AVS: Supports new Layer-3 projects and ecosystems.

Join the discussion in the comments! What do you think are the prospects for Cardano in DeFi? 💬