Kairos Labs Raises $2.4 Million Seed Round Led by 6th Man Ventures

According to Kairos Labs, the company has published a white paper for its permissionless, non-custodial EVM interest rate swaps protocol ahead of planned Ethereum mainnet and Base launches in the coming weeks.

ETH

Summary

In an official announcement, Kairos Labs said it raised a $2.4 million seed round led by 6th Man Ventures and released a technical white paper for its permissionless, non-custodial EVM interest rate swaps protocol. The company stated that launches on Ethereum mainnet and Base are planned in the coming weeks. Existing reporting also cited participation from Lattice, Advancit Capital, and Compa Capital.

Terms & Concepts
  • EVM: The Ethereum Virtual Machine, the execution environment that runs smart contracts on Ethereum and compatible blockchains.
  • Ethereum mainnet: The live Ethereum blockchain where transactions are settled and smart contracts are executed in production.
  • Base: An Ethereum-linked layer-2 network designed to improve transaction efficiency and reduce costs.