Infrared Finance raised an undisclosed amount from Binance Labs to develop its liquid staking solutions for Berachain.
The company plans to launch its staking tokens, iBGT and iBERA, on Berachain’s V2 testnet soon.
Infrared Finance, a Berachain-based liquid staking protocol, has successfully raised an undisclosed amount in a strategic funding round led exclusively by Binance Labs, the $10 billion venture capital arm of the global cryptocurrency exchange, Binance. This marks Binance Labs’ inaugural investment in the burgeoning Berachain ecosystem.
We are thrilled to announce that @BinanceLabs has invested in Infrared!
This funding enables us to further develop innovative products around Proof of Liquidity on @berachain. https://t.co/Ssr6sTBR8o
— Infrared (@InfraredFinance) June 24, 2024
Infrared’s CEO, Raito Bear, confirmed that the recent investment was structured as a Simple Agreement for Future Tokens (SAFT). The fresh capital injection is intended to fuel the development of
