TechFlow news, on September 2, according to official announcement, Scroll ecosystem project Pencils Protocol has completed a new round of financing at an $80 million valuation. The funding round was backed by institutions including Taisu Ventures, DePIN X, Bing Ventures, and Black GM Capital.
Pencils Protocol is currently the top native project by TVL in the Scroll ecosystem. It is a one-stop yield aggregator and auction platform built on Scroll, offering features such as asset aggregation and distribution, leveraged yields, and auctions, aiming to maximize users' asset utilization. Pencils Protocol plans to launch advanced vaults and an innovative auction platform, seeking to revolutionize the fields of yield optimization and asset bidding.
Previous report, Pencils Protocol raised $2.1 million in a seed round in May, with investors including OKX Ventures and Animoca Brands.
