The team from @ionprotocol is excited to announce a total fundraise of $7M, led by @gumicryptos and 90+ additional supporters The funding was completed to introduce Nucleus—the default yield provider for networks across the crypto ecosystem ⬇️
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We are thrilled to be building the first platform to bring yield by default to networks For Users -Earn yield by simply bridging assets to a Nucleus-supported network -Explore new ecosystems and yield generating opportunities -Earn more!
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For Networks Nucleus embeds yield at the network layer: - Unlocking new application business models - Incentivizing user and builder growth - Diversifying their revenue streams - And more! Nucleus is set to deploy on 20+ rollup and app-chains over the upcoming months
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Assets That Nucleus Supports: ETH-based assets ✅ ETH, LSTs, LRTs, and more BTC-based assets (coming soon) ✅ BTC, LSTs and more USD-based assets (coming soon) ✅ USDC, USDT, DAI and more Any ERC-20 (coming later)
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How Nucleus Generates Yield Nucleus’s yield is generated from various sources that focus on safety, security, and sustainability. Examples include: ✅ @ionprotocol’s price-agnostic lending markets ✅ Restaking infrastructure ✅ ETH staking rewards ✅ Cross-chain intents ✅ LRT rewards ✅ And more to come… This focus on securing network infrastructure enables Nucleus to minimize user risk while ensuring sustainable returns at scale

Aug 12, 2024 · 2:14 PM UTC

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