SatLayer raised $8 million in a pre-seed funding round co-led by Hack VC and Castle Island Ventures to enhance Bitcoin's role as collateral in decentralized applications.
SatLayer raised $8 million in a pre-seed funding round co-led by Hack VC and Castle Island Ventures to enhance Bitcoin's role as collateral in decentralized applications.
08/22/24, 11:27 PM
Location
miamiMoney raised
$8 million
Industry
cryptocurrency
blockchain
Round Type
seed
Investors
Pendle, Sui, Magic Eden, Manta Network, Layer Zero, Custodia Bank, A Priori, Cms Holdings, Big Brain Holdings, Amber Group, Mirana Ventures, Okx Ventures, Franklin Templeton, Castle Island Ventures, Hack Vc
SatLayer, a Bitcoin restaking platform, raised $8 million in a pre-seed funding round. The round was oversubscribed and included key participation from Hack VC and Castle Island Ventures, along with several other notable investors.
Company Info
Location
miami, florida, united states
Additional Info
SatLayer is a Bitcoin restaking platform built on the Bitcoin staking protocol Babylon. It allows users to earn additional rewards by restaking their Bitcoin and Bitcoin liquid-staking tokens across various protocols. The platform aims to enhance the security and utility of Bitcoin as a core collateral asset for decentralized applications. With around 10 employees, SatLayer is hiring for various roles in engineering, research, and product.