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Miami based BTC re-staking platform developer raised $8m in pre-seed funding led by Castle Island Ventures and Hack VC.
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SatLayer allows users to earn rewards on their BTC by staking and liquid restaking. Babylon, which recently secured $70 million in a funding round led by Paradigm, powers the ecosystem. The platform allows proof-of-stake systems, including layer-2 chains, rollups, oracles and data availability layers, to leverage BTC in staking.
https://crypto.news/btc-re-staking-platform-satlayer-secures-8m-in-pre-seed-funding/
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