TechFlow reports that Ion Protocol, a protocol for unlocking liquidity of staked assets, has announced the completion of a $2 million Pre-Seed funding round. The round was co-led by Portal Ventures and SevenX Ventures, with participation from Foresight X, Bankless Ventures, Maelstrom Fund, Alexander, Anthony Sassano (sassal.eth), founder of The Daily Gwei, and Ryan Watkins, co-founder of Syncracy Capital.
According to the announcement, Ion Protocol enables lending against staked and restaked assets, allowing users to deposit any validator-backed asset—including liquid staking tokens (LSTs) and restaking positions—into collateral vaults and mint allETH against their deposits.
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