DeFi protocol Unstable completes $2.5 million seed round financing, with participation from Lattice, Laser Digital, and others

ChainCatcher news, DeFi protocol Unstable Protocol announced the completion of a $2.5 million seed round financing, with participation from Lattice, Laser Digital (Nomura Group), Blockchain Founders Fund, Assouline Ventures, Agnostic Fund, Artichoke Capital, Black Edge Capital, NewTribe Capital, and NxGen.

It is reported that Unstable is a native LRTfi lending protocol that provides users with the ability to borrow against their (re)staked ETH, and even unlocks the utility of their (re)staked ETH on layer 2 blockchains. The project is committed to building a leveraged layer for (re)staking Ethereum.