The blockchain liquidity infrastructure project Sumer.money has completed a $2 million strategic financing.

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.