The Bitcoin re-staking protocol Echo Protocol has completed its Pre-seed round of financing, led by The Spartan Group

the Bitcoin re-staking protocol Echo Protocol has completed its Pre-seed funding round, led by The Spartan Group, with participation from ABCDE, Maelstrom, Selini Capital, Presto, Sats Ventures, Web3Port, and others.

Echo Protocol stated that only WL members can stake BTC in the first public treasury ifykyk, which will open on October 28.

It is reported that Echo Protocol is the first Bitcoin liquidity re-staking and yield protocol on MoveVM, aiming to bring BTC liquidity and re-staking solutions into the Move ecosystem.