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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Helix Labs completes a $2 million Pre-Seed round of financing, with a valuation of $40 million
PANews reported on September 23rd that Helix Labs has completed a $2 million Pre-Seed round of financing, with a valuation of $40 million. Investors include Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group. Helix Labs is developing an innovative protocol to provide income opportunities for non-ETH L1 asset holders such as Cardano through liquid stake, and supports the MoveVM rollup architecture. The protocol will unlock approximately $12 billion in Cardano (ADA) Liquidity, allowing ADA holders to stake and obtain liquid staked ADA, providing convenience for their entry into the Decentralized Finance ecosystem. Helix Labs has also joined the accelerator program of Movement Labs to further expand its solutions.