lrtfi

ChainCatcher message, according to SoSoValue data, the overall cryptocurrency market has risen, with the Ethereum ecosystem performing remarkably well. ETH has increased by 7.01% in 24 hours, outperforming BTC's 24-hour increase of 2.63%, and Solana has risen by 3.05%. Notably, the LRTFi sector has seen a 24-hour increase of 7.5%. Within this sector, Eigenlayer (EIGEN) rose by 12.29%, Ether.fi (ETHFI) increased by 12.18%, Renzo (REZ) went up by 9.77%, BounceBit (BB) gained 8.26%, and Pendle (PENDLE) rose by 6.42%.Additionally, other significantly recovering sectors include: the PayFi sector, which increased by 6.79%, the DeFi sector, which rose by 6.12%, and the AI sector, which saw an increase of 5.44%.

ChainCatcher news, the LRTfi application AutoLayer has announced the completion of a $2.5 million seed round financing, with participation from KuCoin Labs, Staked.vc, Morningstar Ventures, BlackEdge Capital, SparkDigitalCapital, Poolz Ventures, Dewhales, and a group of angel investors, though the specific valuation has not been disclosed.According to the RootData page, AutoLayer, formerly known as Tortle Ninja, is the LRTfi hub on Arbitrum. AutoLayer provides access to various assets, liquidity pools, farms, and vaults/strategies, totaling approximately 800 assets, 400 liquidity pools, 50 farms, and over 100 vaults/strategies. AutoLayer is now focused on optimizing Liquid Retaked tokens (LRT), Liquid Stake tokens (LST), AVS, operators, and incentives.

ChainCatcher news, DeFi protocol Unstable Protocol announced the completion of a $2.5 million seed round financing, with participation from Lattice, Laser Digital (Nomura Group), Blockchain Founders Fund, Assouline Ventures, Agnostic Fund, Artichoke Capital, Black Edge Capital, NewTribe Capital, and NxGen.It is reported that Unstable is a native LRTfi lending protocol that provides users with the ability to borrow against their (re)staked ETH, and even unlocks the utility of their (re)staked ETH on layer 2 blockchains. The project is committed to building a leveraged layer for (re)staking Ethereum.