Layer N Launches Liquidity Program for DeFi Apps

Layer N, an Ethereum layer-2 network backed by Peter Thiel’s Founders Fund, has introduced a new liquidity program aimed at boosting DeFi innovation. This initiative marks a significant milestone for Layer N, which emerged from stealth mode in September 2023 with substantial backing from Founders Fund.

The program aims to inject sustainable and robust liquidity into the DeFi space, particularly targeting protocols in their early stages to facilitate market entry. Leading the charge is digital finance firm Amber Group, which has pledged a substantial $20 million investment to empower partners within the Layer N ecosystem.

According to Dima Romanov, CEO and co-founder of Layer N, this launch represents a pivotal moment for the company and the broader DeFi landscape. Romanov believes that by providing developers with seamless access to liquidity and essential resources, Layer N is paving the way for a new era of innovation and growth in decentralized finance.

Steven Shi, the investment partner at Amber Group, echoed Romanov’s sentiments, praising Layer N as the premier architecture for DeFi applications. He emphasized Amber Group’s commitment to supporting Layer N in fostering liquidity and expanding the ecosystem.

Founders Fund’s involvement in Layer N adds further credibility to the project. The venture capital firm has been actively backing transformative technologies in 2024, including a substantial investment in Neuralink, an Elon Musk-backed startup focused on brain hacking.

Scott Nolan, partner at Founders Fund, expressed excitement about supporting Neuralink’s mission to assist human patients through groundbreaking technological advancements. This demonstrates Founders Fund’s dedication to driving innovation across diverse sectors.

Layer N’s liquidity program signals a significant step forward for DeFi, bolstered by strong support from industry leaders like Founders Fund and Amber Group. With ample liquidity and resources at developers’ disposal, Layer N is poised to fuel innovation and reshape the future of decentralized finance.