ChainCatcher news, Bitcoin DeFi infrastructure bitSmiley announces the completion of a $10 million Series B funding round, with participation from MH Ventures and Skyland Ventures.The new funding will facilitate the growth of bitSmiley, enhance cross-chain capabilities, and power the multi-chain stablecoin initiative.According to RootData, bitSmiley is a Bitcoin-native DeFi project. As the first stablecoin project in the BTC DeFi ecosystem, bitSmiley has innovated in both application design and protocol layers. Its groundbreaking Fintegra framework consists of three main components: a decentralized over-collateralized stablecoin protocol, a native trustless lending protocol, and an on-chain derivatives protocol. bitSmiley will first introduce the native over-collateralized stablecoin bitUSD on the Bitcoin blockchain to address the lack of stable price-pegged tools.

ChainCatcher news, the dynamic modular service platform Crestal announced the completion of a $2 million Pre-Seed funding round, with participation from MH Ventures, Cogitent Ventures, and NxGen. The new funds will be used to accelerate the construction of modular services.According to the Web3 asset data platform RootData, Crestal is a dynamic modular service platform where developers can discover, deploy, and upgrade modular services by binding decentralized providers with verifiable Proof of Performance (PoP TM). Anyone can collaborate with service providers and earn rewards for maintaining high-quality modular infrastructure that supports Web3 builders across all chains.

ChainCatcher news, TNA Protocol announced the completion of its first round of financing, with participation from MH Ventures, Cogitent Ventures, and CSP DAO, though the specific amount raised has not been disclosed.Additionally, the Web3 asset data platform RootData shows that TNA is a domain name protocol for Bitcoin, aimed at enhancing its usability and expanding the range of its assets and primitives. TNA supports multiple assets and seamlessly integrates with all Bitcoin Layer 2 solutions. It leverages its DA framework (called TNA Core) to enhance the mainnet's capability for managing cross-chain interactions and improving network interoperability.

ChainCatcher news, the Bitcoin domain name protocol TNA Protocol has completed a new round of financing, with participation from MH Ventures, Cogitent Ventures, and CSP DAO. This round of financing will be used for the development of TNA Core, community expansion, and the expansion of token liquidity scenarios, aiming to promote cross-chain interoperability standards in the Bitcoin ecosystem and facilitate ecological expansion.

ChainCatcher news, according to Crowdfundinsider, the Ethereum Layer 2 blockchain LightLink announced the completion of a $6.2 million seed round financing, with participation from MH Ventures, Nxgen, and several individual crypto investors.It is reported that the new funds will help the company continue to build a Web3 ecosystem for enterprise partners and improve proprietary technology to enable gasless transactions for users.

ChainCatcher news, the encrypted derivatives platform PRINT3R announced the completion of a $500,000 Pre-Seed funding round, led by MH Ventures, with participation from 300DAO, OnChain Wizard, Primapes, Homeless DAO, and 2Shares.It is reported that PRINT3R is built on the Base blockchain, primarily providing gamified decentralized derivatives trading and DEX services.

ChainCatcher news, the LSD protocol unshETH has announced the completion of a $3.3 million seed round financing, with participation from MH Ventures, Soma Capital, ICONIQ Capital, EFENT, 922 Capital, Electric Ant, Backend Capital, The LAO, Fan Zhang (Sequoia China), Epakon, Ross Lipson, Marty Hu, Kevin Li (Goldsky), Jai Prasad, Ejaaz Alhamadeen, and 300DAO. The funds from this round will be used to accelerate protocol development and expand protocol functionalities.It is reported that unshETH has enabled the LSDfi product vdAMM, which allows unshETH to be converted into AMM pools, enabling users to access deep liquidity in unshETH and swap between different LSDs.

ChainCatcher news, DeFi protocol [Davos](https://www.rootdata.com/zh/Projects/detail/Davos Protocol?k=NjQ5MA==) Protocol announced on Twitter that it has received investments from MH Ventures and LD Capital.According to the official website, Davos Protocol utilizes liquid staking and over-collateralization to ensure stability, aiming to solve the problem of locked liquidity in a sustainable manner. Its monetary policy adjusts the price stability of the stable asset DAVOS and rewards liquidity providers with stable yields and a fair income distribution system.According to RootData, Davos completed a $500,000 pre-seed round of financing earlier this year, with participation from Polygon Ventures and Polygon co-founder Sandeep Nailwal. (Source link)