Helix Labs Raises $2M to Revolutionize Cardano Staking in DeFi
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 24 2024Funding and Innovation: Helix Labs has raised $2 million to enhance Cardano's DeFi integration, introducing "liquid staked ADA" that allows users to stake their tokens while still utilizing them in various financial applications, unlocking approximately $12 billion in liquidity.
Product Offerings: The company offers products like Helix Vault, UniRollup, and OmniVM AVS, which aim to improve the staking experience and broaden the use of ADA in DeFi, allowing for increased participation and flexibility for users.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
