Echo Protocol Revolutionizes Bitcoin Liquidity with Successful Pre-Seed Financing Round

On October 21, COINOTAG announced that Echo Protocol, a pioneering initiative in the realm of Bitcoin liquidity re-staking, successfully concluded its pre-seed financing round. The participation of notable investors such as ABCDE, Maelstrom, The Spartan Group, and Selini Capital signifies growing interest in innovative DeFi solutions. Echo Protocol is distinguishable as the first dedicated liquidity re-staking and yield infrastructure layer utilizing MoveVM. This initiative aims to seamlessly integrate BTC liquidity into the Move ecosystem, presenting an advanced framework for staking and yield generation. By addressing key liquidity challenges, Echo aspires to enhance the functionality and appeal of Bitcoin within decentralized finance, reinforcing its potential to support a more dynamic and interconnected financial landscape.