TechFlow reports that Infrared Finance, a proof-of-liquidity protocol in the Berachain ecosystem, announced on X the completion of a $2.5 million seed round led by Synergis, with participation from NGC Ventures, Tribe Capital, CitizenX, Shima Capital, Dao5, Signum Capital, Ouroboros Capital, Decima, OakGrove Ventures, DoraHacks, TenzorCapital, AlexShin, AlbertChon, CharlesLu, Mr.Block, ChrisSpadafora, and DCFGod.
Infrared aims to support liquid staking within the Berachain ecosystem under the Proof-of-Liquidity (PoL) framework. The funds will be used to advance its infrastructure development, including the validator network, PoL vaults, and the native liquid staked token (LST) iBGT.
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