Nucleus
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Ion Protocol Raises $4.8M to Launch Nucleus š„
#Ion Protocol, a liquidity protocol, has raised an additional $4.8 million, bringing its total funding to $7 million.
The funds will support the development of #Nucleus , a native yield primitive designed to address monetization issues for rollups and appchains.
Nucleus aims to provide users with native yields on ETH, BTC, and USD-backed assets by bridging into networks, enhancing economic incentives for #staking and restaking. It works by sourcing yield from infrastructure products like bridges and oracle networks and reallocating unused borrower liquidity to support seamless liquidity movement across chains.
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#Ion Protocol, a liquidity protocol, has raised an additional $4.8 million, bringing its total funding to $7 million.
The funds will support the development of #Nucleus , a native yield primitive designed to address monetization issues for rollups and appchains.
Nucleus aims to provide users with native yields on ETH, BTC, and USD-backed assets by bridging into networks, enhancing economic incentives for #staking and restaking. It works by sourcing yield from infrastructure products like bridges and oracle networks and reallocating unused borrower liquidity to support seamless liquidity movement across chains.
If you enjoy my content, feel free to tip me ā¤ļø
#Binance
#crypto2024