Infrared Raises $16.25M for Pioneering DeFi Liquidity Staking
1min read Infrared, a pioneering project in the Berachain ecosystem, has successfully raised a total of $16.25 million in funding, marking a significant milestone in the development of decentralized finance (DeFi) and liquidity staking protocols. The project, which is the first incubated project of the Berachain Foundation's Build-a-Bera incubator, has attracted investments from prominent venture capital firms and institutions.
The funding round was led by Framework Ventures, with a $14 million Series A investment. Previously, Infrared Finance completed a $2.5 million seed round, with Synergis as the lead investor and participation from NGC Ventures and Shima Capital. Notably, Binance Labs, now renamed YZi Labs, also participated in Infrared's strategic funding round, although the specific amount was not disclosed.
Infrared's innovative liquidity staking protocol enables users to stake native Berachain tokens, BGT and BERA, while maintaining liquidity and earning rewards. The project's core team comprises experienced professionals from Berachain, apple, NASA, Kraken, and Optimism, bringing a wealth of expertise to the table.
The successful funding round and launch of the first liquidity staking protocol on Berachain underscore the growing interest and potential of DeFi and liquidity staking in the blockchain ecosystem. As the project continues to develop, it is poised to play a significant role in shaping the future of decentralized finance and liquidity provision.
