Bond Protocol Secures $2.5 Million in Seed Funding on October 8, 2022

According to industry reports, Bond Protocol raised $2.5 million in seed funding on October 8, 2022. The round was led by IDEO CoLab Ventures, Chapter One, Hypersphere Ventures, and Alchemy Ventures. Following this transaction, Bond Protocol's total funding has reached $2.5 million.Bond Protocol is an innovative liquidity management platform designed to help protocols acquire native liquidity. Leveraging a unique bonding mechanism, the platform enables protocols to avoid paying high incentives for rented liquidity. Users can exchange their LP (liquidity provider) tokens for governance tokens at a discount, rather than earning rewards through traditional staking methods. Since the protocol never sells these LP tokens, liquidity is effectively locked within its treasury.This novel approach to liquidity management has the potential to reshape current liquidity mining paradigms in the DeFi sector. By reducing the cost for protocols to secure liquidity while ensuring its permanence, Bond Protocol introduces a new solution for sustainable development within the DeFi ecosystem. The seed funding will enable Bond Protocol to further enhance product features, expand market presence, and drive innovation in DeFi liquidity management.