March 06, 2024
Hedgehog Protocol has completed its pre-seed funding round, raising $1.5 million. The funding was led by notable investors and included contributions from Marshland Capital, Tenzor Capital, Prometeus Ventures, 3Commas Capital, ZBS Capital, and Nothing Research.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
---|---|---|---|---|---|---|
Hedgehog Protocol | Mar 6, 2024 | $1.5M | Pre-Seed | $1.5M | Â Marshland Capital | Trading |
Hedgehog Protocol simplifies and optimizes blockspace and gas markets by developing on-chain native derivatives and Modular Synthetic Blockspace. The protocol targets financial applications such as rollups, account abstraction wallets, and exchanges, providing solutions to address significant gas costs, thereby enhancing efficiency and reducing operational expenses.
The concept of Modular Synthetic Blockspace allows users to buy or sell synthetic gas assets based on current market conditions without locking into a fixed price. This approach is essential for managing gas costs more predictably. Inspired by the Liquity design, Hedgehog Protocol emphasizes modularity and user-friendliness, making it adaptable to real-time market conditions. This design can be customized to suit various financial products and services, allowing the solution to evolve alongside the blockchain ecosystem.
Hedgehog Protocol's model allows it to adapt and grow, potentially applying its system to other blockchain ecosystems beyond Ethereum, such as Bitcoin transaction fees and data availability costs. This broad application demonstrates the protocol's potential to provide a secure and efficient blockchain gas management solution.
About Hedgehog Protocol:Â
Hedgehog Protocol is a cryptocurrency trading fee hedging protocol that focuses on developing solutions for block space and gas market management. The protocol offers a streamlined, user-friendly, and versatile approach to managing gas costs.
Website:Â https://www.thehedgehog.io/Â
X Account:Â https://x.com/thehedgehog_io
X Followers today:Â 2,126
About Investor
Investor:Â Marshland Capital
Marshland Capital is a venture capital firm that invests in blockchain and decentralized finance (DeFi) projects. Their recent investment in Hedgehog Protocol supports the development of modular synthetic blockspace and on-chain native derivatives, aiming to optimize and manage gas markets efficiently.
Location:Â United States
Website:Â https://www.marshlandcapital.com/Â
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