Liquid restaking protocol ether.fi, has announced a $23
million funding round, led by Bullish Capital and
CoinFund.
Bullish Capital is the venture capital arm in the Bullish group
of companies, which in turn is a subsidiary of Cayman Finance
member B1.
Cayman Islands-based ether.fi has established itself as a leader
in liquid restaking with more than $1.6 billion in total value
locked (TVL) – up 15x since the beginning of 2024 – and
approximately 71,000 unique wallets holding its restaking token,
eETH.
The Series A funding round also includes commitments from
notable investors such as OKX Ventures, Foresight Ventures,
Consensys, Amber, Selini, Draper Dragon and Bankless Ventures as
well as the founders/executives of Aave, Polygon, Kraken, Curve,
Ethena and DeFi Llama.
