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Stroom Network Raises $3.5m for Leveraged Bitcoin use on Ethereum & Lightning!

August 31, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Creator: Mustafa Mulla Aug 31, 2023 12:41

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

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Stroom Community has raised $3.5 million in seed funding in an oversubscribed funding spherical led by crypto funding agency Greenfield. Different individuals embrace Lemniscap, Cogitent Ventures, Ankr’s enterprise arm, and No Restrict Holdings. Stroom’s protocol permits customers to leverage their bitcoin capital on each the Lightning Community and Ethereum. By depositing bitcoin on Lightning, customers can earn routing charges whereas Stroom points a wrapped bitcoin token, lnBTC, on Ethereum, permitting customers to discover additional yield alternatives throughout the Ethereum ecosystem, equally to WBTC.

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Tags: 3.5MBitcoinEthereumLeveragedLightningNetworkraisesStroom
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