Peregrine Exploration Inc.’s Level Protocol Raises $3.60M in Funding Led by Dragonfly Capital and Polychain Capital

Level Protocol, a stablecoin protocol backed by restaked dollar tokens, has successfully raised $3.60 million in a recent funding round. The round was led by prominent investors Dragonfly Capital and Polychain Capital, with participation from Robot Ventures, Pier Two, EI Ventures, Global Coin Research (GCR), MrBlock, Balaji Srinivasan, Julian Koh, and Sidney Powell.

This groundbreaking development in the cryptocurrency world signals a strong vote of confidence in Level Protocol's innovative approach to stablecoin technology. With support from top-tier investors and industry leaders, Level Protocol is poised to revolutionize the stablecoin market and drive significant growth in the coming months.