TechFlow reports on December 19 that UTXO Stack, a Lightning Network liquidity staking protocol, has closed its Series A funding round at a $50 million valuation, backed by UTXO Management, CMS, and PAKA. The funds will accelerate Lightning Network liquidity development and bring stablecoins into the Bitcoin ecosystem. UTXO Stack plans to launch an airdrop incentive program for Bitcoin liquidity providers in early January 2025 and complete its TGE in Q1 2025.
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