ChainCatcher news, according to official sources, the blockchain liquidity infrastructure project Sumer.money has announced the completion of a $2 million financing round. This strategic financing round was co-invested by several well-known investment institutions including Pantera, A&T Capital, Sanctor, Blockwall, ROK, Waterdrip, Kernel, AngelDAO, NoviDAO, as well as over twenty crypto founders, executives, and OGs, including Sandeep Nailwal (Polygon), TN Lee (Pendle), Victor Ji (Manta), Evan Kuo (Ampleforth), Brandon Iles (Ampleforth), and Ben Chan (Vice President of Engineering at Chainlink).Sumer is a blockchain liquidity infrastructure with extremely high capital efficiency, creating a currency multiplier in a decentralized, non-custodial manner, allowing users to earn yields across multiple chains while not missing out on competitive DeFi yields on the asset's native chain.Sumer powers high-performance EVM L1 with its Supernova core. This tech stack will contribute to the Cosmos SDK as a next-generation alternative for future L1 and decentralized L2.In addition, Sumer's upcoming partners include Pendle, EtherFi, Puffer, KelpDAO, Slov, StakeStone, and Angle.

ChainCatcher news, the cross-chain alternative synthetic asset protocol Sumer.Money on the Meter network is now live on the leading DeFi application Aerodrome on the Base network with $suUSD - $USDC liquidity incentive mining pairs, earning $AERO rewards.Users can mint $suUSD tokens directly on Sumer.Money using stablecoins, Ethereum, or staked Ethereum. Voting users in the $AERO pool can exchange their rewarded $eMTRG for $MTRG at a 1:1 ratio through the Meter official cross-chain bridge on the Meter mainnet or BSC chain to gain more $eMTRG incentive liquidity.$MTRG can be traded on centralized exchanges such as KuCoin, Gate, and MEXC, as well as on decentralized exchanges like Voltswap, PancakeSwap, and IZUMI.