The liquidity proof protocol INFRARED has completed a seed round of financing of 2.5 million US dollars, led by SYNERGIS.

Techflow, a subsidiary of Deep Tide, announced that Infrared Finance, a liquidity proof protocol in the Berachain ecosystem, has completed a $2.5 million seed funding round. The round was led by Synergis, with participation from NGC Ventures, Tribe Capital, CitizenX, Shima Capital, DAO5, Signum Capital, Ouroboros Capital, Decima, Oakgrove Ventures, Dorahacks, Tenzor Capital, Alex Shin, Albert Chon, Charles Lu, Mr. Block, Chriss Padafora, and DCFGod. Infrared aims to support liquidity staking in the Berachain ecosystem under the Proof-of-Liquidity (POL) framework. The funds will be used to advance its infrastructure development, including the validator network, POL insurance vault, and the native liquidity staking token (LST) IBGT.