Odaily News According to official sources, Ion Protocol, the liquidity release protocol for pledgers, has completed a $2 million Pre-Seed funding round. Portal Ventures and SevenX Ventures co-led the round, with participation from BanklessVC, HASHCIB, Foresight Ventures, Smrti Labs, Maelstrom Fund, Breed VC, Everstake Pool, Punk Ventures DAO, Builder VC, and EthHub co-founder Anthony Sassano (sassal.eth), as well as Syncracy Capital co-founder Ryan Watkins.



Ion Protocol is a lending platform designed to support future collateralization and re-collateralization assets. The protocol acts as a CDP issuer, allowing users to deposit any validator-supported assets (including LST and re-collateralization positions) into their collateral vault and mint the stablecoin allETH, which is valued based on the deposited ETH.