DeFi
Title: “Kelp DAO secures $9 million in funding to transform resttaking into DeFi”
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Kelp DAO Takes Important Step in Landscape Restoration
Kelp DAO has closed a $9 million private sales round, led by SCB Limited and Laser Digital, with significant investments from various leading names. The funding will be used to improve the platform, innovate restructuring solutions and expand into new ecosystems.
Introduction
Kelp DAO, a liquidity redemption platform, has reached a major milestone in the decentralized finance (DeFi) sector by completing a major private sale round worth $9 million.
Main points
The private sale round was primarily supported by a $3.5 million investment from SCB Limited and Laser Digital, with contributions from well-known entities such as Bankless Ventures, Hypersphere and Draper Dragon. The platform currently has over $850 million in TVL and 40,000 active restakers, with plans to improve services and expand into ecosystems like Solana and Bitcoin.
Key figures from the crypto community including Scott, Alex and Sam K participated in the funding round, supporting Kelp DAO’s vision for customer-centric solutions. Co-founders Dheeraj Borra and Amitej Gajjala expressed their gratitude to investors for their role in the company’s growth.
Jez Mohideen, CEO of Laser Digital, and Jack Platts, co-founder of Hypersphere Ventures, expressed their enthusiasm and support for Kelp DAO’s innovative restoration infrastructure solutions, highlighting the potential for improved returns and developer experimentation.
Conclusion
The successful private sale round marks a significant milestone for Kelp DAO in its mission to revolutionize the restocking landscape in DeFi. Backed by investor support and focused on customer needs, the platform is poised to continue its growth and impact on the industry.
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