Cryptocurrency staking protocol ClayStack has secured $5.2 million in seed funding from several prominent blockchain investor funds, putting it on course to introduce new innovations in staking later this year.
The seed round was co-led by CoinFund and ParaFi Capital, with around a dozen other venture funds also participating, ClayStack announced Tuesday. Most notably, Coinbase Ventures, Solana Foundation, Hashed and Spartan Group were among the investors.