Liquidity staking protocol SHUI completes seed round financing, Conflux Foundation participates in i

Foundation IN investment round 2024-03-14 48
SHUI, a Conflux ecological liquidity staking protocol incubated by BlockBooster, has recently received a significant investment from BlockBooster and Conflux Foundation to further develop and enhance the Conflux ecological infrastructure. This strategic partnership will not only provide crucial funding for the development of SHUI, but also bring in valuable expertise and resources to support its growth.

Since its mainnet launch on February 8th, SHUI has demonstrated strong traction, with its total value locked (TVL) surpassing $2.5 million. Moreover, the protocol has rolled out an attractive CFX staking incentive activity, offering users the chance to earn rewards totaling approximately $5,000.

This investment and recent developments underscore SHUI's potential to become a leading player in the decentralized finance (DeFi) ecosystem, and its commitment to driving innovation and value creation within the Conflux network. With strong financial backing and a clear trajectory for growth, SHUI is well positioned to capitalize on the burgeoning demand for liquidity staking solutions within the blockchain industry.

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