Kelp DAO, a major liquid restaking protocol, raised $9 million in a private sale round to enhance its infrastructure amid the expanding DeFi landscape. The increased interest in liquid restaking has seen total value locked across leading platforms exceed $4 billion. The funding round included contributions from Bankless Ventures, Hypersphere, Draper Dragon, DACM, Cypher Capital, ArkStream, Cluster Capital, GSR, Longhash, Side Door Ventures, NOIA Capital, HTX Ventures, Avid3, ViaBTC Capital, DWF Ventures, Coinseeker, and several others.