Liquidity Proof of Use Protocol Infrared Completes $2.5 Million Seed Round, Led by Synergis

According to Foresight News, Infrared Finance, the liquidity proof infrastructure of the Berachain ecosystem, announced the completion of a $2.5 million seed round of financing, led by Synergis, with participation from NGC Ventures, Tribe Capital, CitizenX, Shima Capital, Dao5, Signum Capital, Ouroboros Capital, Decima, Oak Grove Ventures, DoraHacks, Tenzor Capital, Alex Shin, Albert Chon, Charles Lu, Mr. Block, Chris Spadafora, DCFGod and others.

Infrared aims to support liquidity staking in the Berachain ecosystem in the context of Proof-of-Liquidity (PoL). The funds will be used to advance its infrastructure development, including the validator network, PoL vault, and the native liquidity staking token (LST) iBGT.