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Funding
Kelp DAO raises USD 9 million in private token sale funding
Decentralized Finance (DeFi)
May 23, 2024
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Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

May 23, 2024

Kelp DAO raises USD 9 million in private token sale funding

Funding

  • Kelp DAO, a liquid restaking platform, has raised USD 9 million in a private token sale led by SCB Limited and Laser Digital.

  • The company aims to use the funds to enhance the platform capabilities and expand into new ecosystems such as Solana (SOL) and Bitcoin (BTC).

  • Kelp’s liquid restaked token, “rsETH”, was launched on December 2023. The token is built on Ethereum's EigenLayer and enables liquid restaking across the Ethereum mainnet and eight secondary blockchain networks. The platform claims over USD 850 million in total value locked (TVL) and over 40,000 active users. 

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