HTX Ventures announces investment in Kelp DAO to accelerate restaking innovation
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HTX Ventures announces investment in Kelp DAO to accelerate restaking innovation
"Believe Kelp DAO's innovative approach will transform the DeFi landscape, excited to be part of their journey."
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Recently, HTX Ventures—the global investment arm of cryptocurrency exchange HTX—announced a strategic investment in Kelp DAO, a triple-yield restaking protocol built on EigenLayer.
Kelp DAO raised $9 million in its latest strategic funding round, which will support its vision of reshaping the DeFi and restaking ecosystem. The funds will enable Kelp DAO to further develop cutting-edge technologies, expand its product offerings, and enhance its liquid restaking solutions. Currently, Kelp offers liquid restaking services on Ethereum mainnet and nine Layer 2 solutions, including Arbitrum, Blast, Linea, Base, and Scroll.
A managing partner at HTX Ventures said: “We’re excited to support Kelp DAO. Their focus on improving user experience and encouraging developer experimentation has been critical to the early success of restaking. We believe Kelp DAO’s innovative approach will transform the DeFi landscape, and we’re thrilled to be part of their journey.”
Dheeraj Borra, co-founder of Kelp, said: “This funding not only strengthens our operational capabilities but also validates our vision for Kelp and gains recognition from investors. We’re excited to further expand our solutions and enhance user experience with their support.”
HTX Ventures is delighted to back innovative projects like Kelp DAO that deliver much-needed, user-friendly, and scalable solutions. Users can stay updated on Kelp DAO’s latest product developments via its official website and social media channels.
About HTX Ventures
HTX Ventures is the global investment division of HTX, integrating investment, incubation, and research to identify the world’s most outstanding and promising teams. As an industry pioneer with over a decade of deep engagement in blockchain, HTX Ventures drives advancements in cutting-edge technologies and emerging business models within the sector, offering comprehensive support—including fundraising, resources, and strategic consulting—to its partner projects to build a long-term blockchain ecosystem. To date, HTX Ventures has backed more than 200 projects across multiple blockchain sectors, with select high-quality projects already listed on HTX. Additionally, HTX Ventures is one of the most active fund-of-funds (FoF) investors, collaborating with top-tier global blockchain funds such as Dragonfly, Bankless Ventures, Figment, Animoca, Shima, and IVC to grow the blockchain ecosystem.
About Kelp DAO
Kelp DAO is one of the leading liquid restaking protocols, managing over $850 million in assets and serving 45,000 restakers. Its liquid restaking token (LRT) was the first to launch on Ethereum mainnet, pioneering the liquid restaking of liquid staking tokens (LSTs). Currently, Kelp DAO provides liquid restaking services for native ETH and liquid staking tokens (LSTs) on Ethereum mainnet and nine Layer 2 networks.
In its recently concluded first funding round, Kelp plans to use the capital to expand into other ecosystems such as Solana and Bitcoin, while continuing to build innovative restaking infrastructure and solutions.
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