TechFlow reports that Kelp DAO, an Ethereum liquid restaking platform, has announced a $9 million private funding round at a $90 million valuation, led by SCB Limited and Laser Digital, with participation from Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM, Cypher Capital, GSR, HTX Ventures, and DWF Ventures.
Kelp expects to launch its governance token soon and is currently undergoing legal and exchange due diligence. In the meantime, Kelp has paused KEP claims and will provide EigenLayer tokens to users who have already claimed KEP.
Kelp plans to roll out liquid staking services for other blockchains, including Bitcoin, Solana, and BNB Chain, in the third quarter of this year.
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