According to Foresight News, Infrared Finance, a liquidity proof infrastructure provider for the Berachain ecosystem, has announced the completion of a $2.5 million seed funding round. The round was led by Synergis, with participation from NGC Ventures, Tribe Capital, CitizenX, Shima Capital, Dao5, Signum Capital, Ouroboros Capital, Decima, Oak Grove Ventures, DoraHacks, Tenzor Capital, Alex Shin, Albert Chon, Charles Lu, Mr. Block, Chris Spadafora, and DCFGod.
Infrared Finance aims to support the Berachain ecosystem's liquidity staking under the Proof-of-Liquidity (PoL) framework. The funds raised will be used to advance the development of its infrastructure, including the validator network, PoL vaults, and the native liquidity staking token (LST) iBGT.