ChainCatcher news, according to CoinDesk, decentralized physical infrastructure (DePIN) provider Grove (formerly Pocket Network) has raised $7.9 million from Fidelity's Avon Ventures, Placeholder Capital, and Druid Ventures. Grove will use this funding to establish new partnerships and drive DePIN towards mainstream adoption.

ChainCatcher news, the decentralized liquidity management platform Steer Protocol has announced the completion of a $1.5 million seed funding round, led by Druid Ventures, with participation from Republic Capital and Big Brain Holdings.It is reported that Steer Protocol addresses liquidity management challenges through concentrated liquidity (CL) products, enabling liquidity providers to allocate funds more effectively, thereby increasing trader returns and reducing slippage. Additionally, it helps DeFi protocol tokens create incentive vaults, guide liquidity, and foster more efficient markets. (Source link)