Hydro Protocol announced the completion of a new round of financing, with participation from Injective and others

ChainCatcher news, the liquid staking protocol Hydro Protocol announced on platform X that it has completed a new round of financing, with participation from Injective, Vessel Capital, Moonhill Capital, SkyVision Capital, Exnetwork Capital, Quantstamp, BlackDragon, Trinito, verse2, PAKA, coinseeker.co, CSP DAO, ODIG, DoraHacks, and a high-quality angel investment team. The amount of financing has not been disclosed.

It is reported that Hydro Protocol is a native LSD+LSDfi protocol built on Injective, set to launch its mainnet on January 31, 2024. Currently, the protocol's TVL exceeds 100 million USD.