The liquidity protocol Ion Protocol has completed a $4.8 million financing round, with participation from Gumi Capital Cryptos and others.

ChainCatcher news, according to The Block, the liquidity protocol Ion Protocol for staking and re-staking assets has completed a $4.8 million funding round, with participation from Gumi Capital Cryptos, Robot Ventures, BanklessVC, NGC Ventures, Finality Capital, and SevenX Ventures. So far, its total funding amount has reached $7 million.

It is reported that the new funds will be used to support and develop a native yield model called Nucleus, aimed at helping to address the monetization issues of rollups and appchains, and may assist in promoting new use cases for decentralized applications within its ecosystem.