News Explorer — Stroom Network Raises $3.5M for Liquid Staking on Bitcoin Lightning Network

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Aug 31, 7:01 am

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Stroom Network Raises $3.5M for Liquid Staking on Bitcoin Lightning Network

Stroom Network, a liquid staking project for Bitcoin's Lightning Network, has raised $3.5 million in a seed funding round led by Greenfield and supported by Mission Street and other investors. The project aims to enable users to simultaneously use their Bitcoin capital on both the Lightning Network and Ethereum through the mechanics of liquid staking. Stroom plans to expand its team and release the Liquid Staking Token on the Ethereum mainnet with the raised funds.

Stroom Network, a liquid staking project for Bitcoin's Lightning Network, has raised $3.5 million in a seed funding round led by Greenfield and supported by Mission Street and other investors. The project aims to enable users to simultaneously use their Bitcoin capital on both the Lightning Network and Ethereum through the mechanics of liquid staking. Stroom plans to expand its team and release the Liquid Staking Token on the Ethereum mainnet with the raised funds.

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