Odaily News: Institutional liquidity pledge agreement developer Alluvial has announced the completion of a $12 million Series A financing round. Ethereal Ventures and Variant led the investment, with participation from Brevan Howard Digital, Coinbase Ventures, Kraken, and Avon Ventures, a subsidiary of Fidelity. Alluvial, registered in Delaware, is the developer of Liquid Collective, a protocol that supports liquidity staking on the Ethereum network. In contrast to competitors such as Lido and RocketPool, which offer "staking-as-a-service" products, Alluvial is catering to institutional and traditional financial needs, expecting larger participants to enter this field. (Fortune)