In its latest seed funding round, Unstable Protocol has secured $2.5 million to revolutionize the Liquid Restaking Token Finance (LRTfi) movement. This project focuses on developing the leverage layer for (re)staked Ether and has gained investments from various ETH-aligned funds such as Lattice, Laser Digital (Nomura Group), and Blockchain Founders Fund, among others.

Additionally, Unstable Protocol has garnered support from angel investors, protocol executives, media partners, and Key Opinion Leaders (KOLs) like @dcfgod, @wsbmod, and @AltcoinSherpa. The LRTfi sector, a subset of DeFi, allows users to leverage liquid staking and restaking tokens for innovative yield strategies, contributing to the market's substantial growth to approximately $50 billion in the past year.

As a lending protocol native to LRTfi, Unstable Protocol permits users to borrow against their (re)staked ETH and extend the utility of their assets on Layer-2 blockchains. This capability is enhanced through a strategic partnership with interoperability platform Axelar. Unstable's use of zkOracles to elevate DeFi utility for the LST and LRT ETH market has been recognized as a pivotal step towards advancing the ecosystem by industry experts.

The lending protocol engine of Unstable is supported by zkSNARK-based validator and EigenLayer AVS balance proofs, operating in collaboration with Succinct Labs. The project plans to launch its testnet today, aiming to provide accessibility through its website.

For any inquiries, please contact Itai Elizur at [email protected].

Note: This content is a paid press release. Readers are advised to conduct their own research and seek financial advice before engaging in any cryptocurrency investments.