Byzantine Finance announced it has closed a $3M pre-seed round to advance institutional restaking capabilities.
Funding and Importance of Restaking
Byzantine Finance has raised $3M in a pre-seed round led by Node Capital and Blockwall Ventures. The funding will aid in providing institutional access to restaking via an aggregation layer. Restaking spreads risk and increases attainable yield, offering returns from multiple systems without significant risk increase.
Uniqueness and Advantages of the Byzantine Protocol
The Byzantine protocol is the first permissionless aggregation layer for restaking, providing secure and adaptable strategies. It enables the creation of customized restaking strategies through intelligent onchain vaults. This allows fully customized products that keep funds isolated, mitigating risk.
Investor Support and Development Prospects
Byzantine's pre-seed round attracted interest from numerous investors including Lightshift, Masterkey VC, and others. The protocol enables institutional users to customize restaking portfolios, maximize returns, and establish restaking as an industry standard.
Byzantine Finance aims to make restaking accessible for institutional investors by offering customizable, secure solutions, advancing industry standards.
