0xBoost, a decentralized staking and yield aggregator, today announced it has raised a $45 million strategic funding round.
The new capital will be used to continue expanding the 0xBoost platform and develop new features and products.
0xBoost allows users to stake their crypto assets in one place to earn yields from over 20 different sources, including liquidity pools, lending protocols and masternode projects. The platform currently has a total value locked (TVL) of over $60 million.
0xBoost said the funding round will help accelerate its roadmap to provide users with more staking options, enhanced security and an easy-to-use interface. The company aims to become the default staking aggregator for crypto investors.
The significant funding underscores the growth and investor interest in the staking and yield aggregation space. By aggregating the numerous staking opportunities across decentralized finance and crypto, platforms like 0xBoost offer users simplified access to staking yields.
The new capital is expected to be used for platform development, product enhancements and team expansion as 0xBoost works to grow its staking aggregator business.