Liquidity proof protocol Infrared completes $2.5 million in seed round financing

Infrared Finance, the liquidity proof infrastructure of the Berachain ecosystem, announced the completion of a $2.5 million seed round of financing, with Synergis leading the investment and participation from NGC Ventures, Tribe Capital, CitizenX, Shima Capital, Dao5, Signum Capital, Ouroboros Capital, Decima, OakGrove Ventures, DoraHacks, TenzorCapital, AlexShin, AlbertChon, CharlesLu, Mr.Block, ChrisSpadafora, and DCFGod. Infrared aims to support the liquidity pledge of the Berachain ecosystem under Proof-of-Liquidity (PoL). These funds will be used to promote its infrastructure development, including the validator network, PoL insurance pool, and native liquidity pledge token (LST) iBGT.