TechFlow reports that Hydro Protocol, a liquid staking protocol, announced on February 12 the completion of a new funding round. Participants include Injective, Vessel Capital, Moonhill Capital, SkyVision Capital, Exnetwork Capital, Quantstamp, BlackDragon, Trinito, verse2, PAKA, coinseeker.co, CSP DAO, ODIG, DoraHacks, and a group of high-quality angel investors. The funding amount was not disclosed.
Hydro Protocol is a native LSD+LSDfi protocol built on Injective. It launched its mainnet on January 31, 2024, and currently has over $100 million in total value locked (TVL).




