The raise of $5.2M by ClayStack showed the company’s efficiency to answer the failings of modern-day liquid staking protocols, said CEO Jake Brukhman and CoinFund Founder. There were several other blockchain companies alongside ClayStack that have participated in this raise. ClayStack played an integral role in acquiring a $5.2 million investment from various blockchain investors to initiate the seed funding. The investment was raised amid the company’s vision to revolutionize its stake in 2021.
The seed funding investment was co-ventured by CoinFund and ParaFi Capital. Staking in crypto trading is one of the most frequently used practices for traders to earn passive income or interest against their investment by freezing their investment for a specific period. Staking provides investors with the opportunity to actively regulate the process and other insights in building the consensus. This hyperactive involvement by the investors keeps them secure against the volatility of the crypto market.
To make the marketplace even better, ClayStack played a vital role in strengthening the process of liquid staking. This procedure functions in a way that allows investors to invest their assets without exercising liquidity lockup. Liquid staking is the way forward for the multi-chain world. Mohak Agarwal, the CEO of ‘ClayStack’ said that the popularity and need for liquid staking have become important compared to the past. Since the centralized finance market is growing at pace, so does the popularity of ‘Liquid Staking.’
The future of crypto and blockchain trading lies in the merger of ‘DeFi and staking’. This paradigm shift in the crypto market will enable crypto exchanges; to further innovate their trading practices. Only with a strong position of strength, such practices can be performed. It will also protect crypto investors against unfair taxation in various countries.
For the future, ClayStack is planning to launch the alpha version staking paradigm in the third quarter of this financial year. This year has seen worldwide growth in the crypto market. The coins funds have invested the billon of dollars to initiate new crypto startups. These rampant investments show that crypto trading is more popular in society it was ever before. One of the most significant blockchain investments this year has come from Andreessen Horowitz, reports have claimed that he invested over $2.2 billion for strengthening the crypto market. If crypto trading is the future, liquid staking holds the importance of the soul.
However, along with ClayStack, some individuals have also participated in raising the funds. Some of the notable names were Meltem Demirores, Stani Kulechov, Raj Gokal, and Sandeep Naiwal. It seems that blockchain business will keep attracting investors at a rapid pace. It is the right time for investors to dive in.