Helix Labs announced the completion of a $2 million Pre-Seed funding round, led by Tribe Capital and others. The funds will be used to increase the use cases for standardized Layer 1 (L1) assets, address the "cold start" problem of Layer 3 (L3), unlock liquidity for Cardano, and integrate it into a broader DeFi ecosystem. Helix Labs has joined the Movement Labs accelerator program, and the protocol technology will allow Cardano's ADA token holders to stake and unlock approximately $12 billion in liquidity. Helix Labs aims to enhance the earning opportunities for holders of non-Ethereum L1 assets and support the future MoveVM rollup.

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Odaily Planet Daily reports that Helix Labs has announced the successful completion of its Pre-Seed funding round, raising $2 million at a valuation of $40 million. The round was led by Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group. The funding aims to increase the use cases for regulated L1 assets by addressing the "cold start" problem for L3 through providing liquidity and users, unlocking Cardano's liquidity and bringing it into a broader DeFi ecosystem.

Helix Labs has joined the Move Collective accelerator program by Movement Labs. The protocol technology will allow Cardano's ADA token holders to stake while earning liquid-staked ADA, then bridge it to Movement, thereby releasing approximately $12 billion in liquidity from Cardano. It is reported that Helix Labs aims to enhance yield opportunities for non-Ethereum L1 asset holders and support future MoveVM rollups through liquidity abstraction and the OmniVM technology stack.

Helix Labs completed a $2 million Pre-Seed funding round, led by Tribe Capital and others.