Ether.Fi re-staking protocol attracts $23 million in investments

• The Ether.Fi project received $23 million in investments.
• The Series A funding round was co-led by Bullish Capital and CoinFund.
• The protocol’s TVL has grown to about $1.7 billion.

EigenLayer-powered Ether.Fi restaking protocol has raised $23 million in Series A funding round co-led by Bullish Capital and CoinFund with participation from OKX Ventures, Foresight Ventures, Consensys and Amber. CoinDesk reports this.

“Ether.Fi is experiencing impressive growth and we are pleased to welcome the support of leading crypto investors…” said Mike Silagadze, CEO and co-founder of the project.

It should be noted that the attraction of funding occurred against the backdrop of a rapid increase in the total value of blocked funds (TVL) in the protocol. Since the beginning of the year, this figure has increased almost 16 times and at the time of writing it is about $1.7 billion:

Ether.fi: activity on the platform

10/27/2023

21 min

1911

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Let us recall that we previously reported that TVL in restaking protocols based on EigenLayer crossed the $3.5 billion mark.