Bitcoin re-staking protocol PumpBTC completes $10 million seed round of financing, led by SevenX Ventures and others

BlockBeats reported that on October 29, Bitcoin liquidity staking platform PumpBTC announced the completion of a $10 million seed round of financing, led by SevenX Ventures and Mirana Ventures, with participation from well-known institutions such as UTXO and Mantle Ecosystem Fund, and attracted many industry partners such as Quantstamp and Veda.

This financing will help PumpBTC launch a new product BTC-Fi, a CeDeFi BTC liquidity vault that combines CeFi-level security and DeFi's BTC yield optimization, providing an automated yield strategy that allows Bitcoin holders to maximize their returns.

Since its launch in July 2024, PumpBTC has been deployed on more than 10 public chains, attracted a total lock-up of 3,300 BTC (approximately US$220 million), and cooperated with more than 70 projects to build a multi-chain, multi-partner ecosystem, further promoting the development of CeDeFi.