The Inception protocol, built on the EigenLayer, has announced that it will be winding down its operations.
BlockBeats News, July 11th, Inception, a re-staking protocol built on EigenLayer, announced that it will cease operations. The announcement stated that Inception did not find a suitable product-market fit over the past two years. Furthermore, the lack of liquidity rewards in shared security made it difficult for the protocol to continue its path forward.
In January of this year, Inception announced the completion of a $3.5 million seed round funding, with participation from London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, Absoluta Digital, and others.
You may also like
Gainers
Latest Crypto News
Kalshi is partnering with Solana to move its prediction market on-chain.
In the past 24 hours, there have been liquidations totaling $974 million across the network, with over 260,000 people being liquidated.
A new wallet deposited 3.448 million USDC into HyperLiquid and entered a 20x leveraged short position worth 38.6 million US dollars in BTC.
Coinbase will list Plasma (XPL)
Fed Future Meetings Risk Seeing Increased Disagreements Fueling Market Volatility
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]