Ukranian Startup Raises Funds for Bitcoin Liquid Staking
Kyiv-based Stroom Network has bagged $3.5 million in a Seed funding round that was oversubscribed.
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The project operates as a Bitcoin Liquid Staking Protocol within the Lightning Network, enabling Bitcoin holders to earn from Lightning routing fees and simultaneously tap into Ethereum's DeFi yields.
Stroom aims to simplify earning Lightning routing fees and enhance Bitcoin's scalability by removing the technical intricacies of managing a Lightning node and introducing DeFi mechanics.
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