TechFlow reported on November 12 that Alluvial, a staking protocol developer, has raised $4.3 million in strategic funding led by Variant. Participants in the round include Ethereal Ventures, Brevan Howard Digital, F-Prime Capital—the venture arm of Fidelity Investments—and Nascent, among others. This brings Alluvial's total funding to $22.5 million. Previous report indicated that Alluvial secured $12 million in Series A funding last July, co-led by Ethereal Ventures and Variant.
As a supporter of the Liquid Collective staking standard, Alluvial plans to use the new capital to advance enterprise-grade staking solutions. Data shows that Liquid Collective is one of the fastest-growing protocols on Ethereum, with TVL exceeding $374 million—up 360% over the past year—and now backed by 13 major platforms including Coinbase, Anchorage, and Fireblocks.
