HTX Ventures announces investment in Kelp DAO to accelerate heavy staking innovation

HTX Ventures, the global investment arm of cryptocurrency exchange Huobi HTX, announced a strategic investment in Kelp DAO, a triple-income restaking protocol based on EigenLayer. Kelp DAO raised $9 million in its latest strategic financing round, which will support its vision to reshape the DeFi and restaking ecosystem. The funds will enable Kelp DAO to further develop cutting-edge technology, expand its product range, and improve liquidity restaking solutions. Currently, Kelp provides liquidity restaking services on the Ethereum mainnet and nine Layer 2 solutions including Arbitrum, Blast, Linea, Base, and Scroll. "We are delighted to support Kelp DAO. Their focus on improving user experience and driving developer experimentation has been critical to the early success of restaking. We believe Kelp DAO's innovative approach will change the DeFi landscape and we are excited to be a part of their journey," said HTX Ventures Managing Partner.