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RockSolid announces the completion of a $2.8 million Pre-Seed round of financing, led by Castle Island Ventures.
Institutional-level liquidity vault startup RockSolid announced the completion of a $2.8 million Pre-Seed funding round, led by Castle Island Ventures, with participation from Blockchain Builders Fund, GSR, Kindred Ventures, Rocket Pool, and the Stanford Blockchain Accelerator. RockSolid will also launch the decentralized staking protocol Rocket Pool, allowing users holding 32 ETH to participate in Ethereum's attestation security mechanism. The protocol issues liquid staking tokens rETH, enabling holders to earn staking rewards while maintaining liquidity. The new funding will be used to expand the technology, operations, and marketing teams. (TheBlock)