Cardano Pre-Seed Funding Round
With a valuation of $40 million, Helix Labs secured $2 million in a pre-seed funding round led by Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group. The company aims to boost liquidity from Cardano (ADA) into decentralized finance, allowing ADA holders to stake their assets while still utilizing them in DeFi platforms.
Unlocking Cardano’s Liquidity
Helix Labs’ innovative technology enables ADA holders to stake their assets and receive liquid staked ADA tokens in return. This breakthrough opens up approximately $12 billion worth of ADA liquidity previously untapped, expanding opportunities for lending, trading, and other financial activities within DeFi ecosystems.
Helix Labs’ Product Offerings
Helix Labs offers three primary products to cater to blockchain enthusiasts. The Helix Vault integrates staking protocols from various blockchains, including Cardano, to maximize asset earnings. The UniRollup L2 platform facilitates interaction between liquid-staked ADA and DeFi protocols, enhancing accessibility for ADA holders. Additionally, the OmniVM AVS product supports the launch of new projects by providing liquidity and assistance for emerging Layer-3 ecosystems.
