- Infrared Finance, a decentralized protocol, has successfully raised $2.5 million in a seed round of funding led by Synergis.
- The funds will be utilized to develop a network of validators and launch their own token.
The Infrared Finance team has announced the completion of a $2.5 million seed round of funding, with support from leading funds, angels, and incubation from Buildabera.
Leading the investment round, Synergis, along with venture capital funds NGC Ventures, Tribe Capital, CitizenX, Shima Capital, Dao5, Signum Capital Ouroboros Capital, Decima, Oak Grove Ventures, DoraHacks, Tenzor Capital, and private investors representing Injective, Curve, Espresso, and other crypto projects have also participated in the financing.
Infrared Finance is the flagship Proof of Liquidity (PoL) consensus engine solution developed by the Berachain team. Its objective is to maximize profit generation through social aggregation via PoL stores at the infrastructure level.
According to the developers, Infrared Finance is part of the Berachain ecosystem, which is an EVM-compatible blockchain utilizing the PoL consensus mechanism. Furthermore, Berachain, based on the Cosmos SDK framework, aims to address liquidity inflow issues.
Incrypted has published a comprehensive guide on the required activities to qualify for a possible drop on the project’s test network.
