TechFlow reports, Layer N, an Ethereum Layer 2 network backed by Peter Thiel's Founders Fund, has launched a new liquidity initiative aimed at providing essential funding support for DeFi applications built on its StateNet architecture.
The first participant is digital finance firm Amber Group, which will provide $20 million in funding for partners within the Layer N ecosystem.
Layer N CEO and co-founder Dima Romanov said the program will bring new innovation and growth to the DeFi sector.
Steven Shi, investment partner at Amber Group, emphasized the importance of the initiative in enhancing liquidity within the Ethereum ecosystem.
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