Liquid staking protocol EtherFi has raised nearly $5 million from an investment round led by North Island Ventures and Chapter One.
The crypto industry, which is gaining popularity day by day on a global scale, brings new initiatives and investments. The crypto industry, which has become widespread with different sectors, embraces innovative technologies such as metaverse, NFT, Web3, DeFi.
EtherFi, which emerged in this context, aims to centralize the staking system, which is a DeFi protocol. Staking protocol managed to collect a fund of 5.3 million dollars with the participation of powerful names in its planning, which attaches importance to centralization.
EtherFi Receives Strong Investments in Staking
Liquid staking protocol EtherFi managed to raise $5.3 million from the investment round, in which 35 investors participated.
Strong names such as Node Capital, Arrington Capital, Maelstrom, Version One Ventures and Purpose Investments also participated in the investment tour led by North Island Ventures and Chapter One.
EtherFi founder Mike Silagadze aims to eliminate many of the problems on the DeFi side with his initiative. Silagadze’s platform, EtherFi, emerges with its solutions on the staking protocol.
It was stated that EtherFi allows stakers to retain control of their keys by delegating the validator process to a node operator. This is aimed at resolving security vulnerabilities and many controversies. Sharing his views on the subject, Silagadze said that most of the existing providers are under surveillance and centralized.
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