The funding will help develop Pell’s innovative network, aiming to construct an omnichain DVS network powered by restaking by leveraging Liquid Staking Tokens (LST) to break down barriers between siloed blockchains and foster the long-term sustainability of the entire ecosystem.
Pell Network’s architecture consists of the Restaking Layer, Pell Chain, and Service Layer, which optimizes resource allocation and maximizes returns by aligning capital, assets, and consumers. The platform has achieved significant traction on 20 chains, including BNB Smart Chain, Core, Babylon, Mantle, and Ethereum, with over $300 million in Total Value Locked (TVL) and over 430,000 strikers across its Omnichain Restaking Network.
Pell Network plans to provide developers with DVS networks underpinned by tangible economic incentives, potentially marking a shift from traditional trust-based systems to quantifiable, auditable economic security models in the blockchain space.
Pell Network, an Omnichain Decentralized Validation Services (DVS) network, has successfully raised $3 million in pre-seed funding in a round co-led by Paper Ventures, Halo Capital, and Mirana Ventures.
