Echo Protocol has completed its Pre-Seed funding round, with participation from ABCDE Capital and others.

Echo Protocol has completed its Pre-Seed funding round, with investors including prominent institutions such as Spartan Group, ABCDE Capital, Maelstrom Fund, Selini Capital, Web3Port, Auros, Presto Labs, Sats Ventures, Aptos, Movement Labs, and B² Network. Echo Protocol is the first liquidity re-staking and yield infrastructure layer for Bitcoin based on MoveVM, currently locking up 2,000 $BTC, and integrating with DeFi projects like Cellana and Aries. Users can convert $BTC to aBTC through Echo and deposit it to earn an annual yield of up to 12% in $APT, while also receiving rewards such as Echo Points and B² Points. Echo will launch its first public treasury on October 28, with only whitelist users able to participate in $BTC staking.