Hedgehog Protocol is thrilled to announce the successful completion of its pre-seed funding round. With a focus on simplifying and optimizing blockspace and gas markets, the protocol has garnered support from notable individuals and institutions within the industry, providing momentum for further advancements in on-chain native derivatives and Modular Synthetic Blockspace.
Backing from Industry Leaders
The endorsement of Hedgehog Protocol by respected angel investors, including Vasiliy Shapovalov from Lido, Mike Lobanov from Target Global, Banteg from Yearn Finance, and others, underscores widespread confidence in the protocol’s vision and technology. Alongside strategic angel investors, their collective expertise solidifies support for the project’s growth.
In addition, institutions and venture capital firms such as Marshland Capital, Tenzor Capital, and Prometeus Ventures have aligned with Hedgehog Protocol’s vision, laying a strong foundation for its strategic and financial trajectory.
The Vision
At the core of blockchain functionality lies the gas market and blockspace concept. High demand for blockspace often results in escalated gas prices, impacting user experience and transaction costs. Hedgehog Protocol aims to address this issue by providing a more predictable and manageable approach to gas pricing, particularly benefiting businesses whose revenue depends on gas costs.
Modular Synthetic Blockspace
Hedgehog Protocol serves as an infrastructure layer to assist various providers in managing gas-related queries across different blockchain ecosystems. Inspired by Liquity design, the protocol emphasizes modularity and user-friendliness, ensuring adaptability to real-time market conditions.
The ability to buy or sell synthetic gas assets based on current market conditions represents a significant advancement in gas market management. The modular approach allows for the creation of diverse financial products tailored to specific market needs.
Unique Features of Hedgehog Protocol
Synthetic Blockspace: Hedgehog Protocol offers a streamlined and versatile solution to the complexities of the gas market, enabling users to manage gas costs predictably without committing to fixed prices or forecasting future trends.
Modular Design: With a design inspired by Liquity CDP, Hedgehog Protocol ensures flexibility and adaptability to evolving market dynamics, extending its potential beyond Ethereum to other blockchain networks.
