Gradient Protocol announces second funding phase with Fjord Foundry following successful seed round for innovation within the liquid staking space on the Bittensor network.

Gradient Protocol is pleased to announce its second funding phase taking place on Fjord Foundry, following a successful conclusion of the private seed round. The proceeds from the second funding round will be used to scale up the protocol’s validation capacity, open up new validators, fund liquidity of the GDT token, and support marketing and developmental activities to strengthen the protocol’s growth. They aim to diversify network validation processes, bootstrap liquidity for its GDT token, and transition to a more decentralized and transparent platform.