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HYDRO PROTOCOL completes a new round of financing, with multiple institutions participating.

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#DeFi
$INJ
TechFlow
249Words
Feb 19, 2024

The liquidity collateral agreement, HYDRO PROTOCOL, has completed a new round of financing with participation from INJECTIVE, VESSEL CAPITAL, MOONHILL CAPITAL, SKYVISION CAPITAL, EXNETWORK CAPITAL, QUANTSTAMP, BLACKDRAGON, TRINITO, VERSE2, PAKA, COINSEEKER.CO, CSP DAO, ODIG, DORAHACKS, and a high-quality angel investment team. The amount of financing has not been disclosed. HYDRO PROTOCOL is a native LSD+LSDFI protocol built on INJECTIVE and went live on the mainnet on January 31, 2024. Currently, the protocol's total value locked (TVL) exceeds 100 million US dollars.

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