Ether.fi, a liquid restaking protocol, secured $23 million in Series A funding led by Bullish Capital and CoinFund, with contributions from OKX Ventures, Foresight Ventures, Consensys, and others. The protocol’s value locked surged to $1.66 billion from $103 million, as per DefiLlama data. Additionally, it raised $4 million in a SAFE round last year. CEO Mike Silagadze emphasized the protocol’s role in Ethereum’s DeFi ecosystem, offering redemptions and fostering growth.
Liquid Restaking Protocol Ether.Fi Raises $23M Series A
