Stroom Network, based in Kyiv, builds a Bitcoin liquid-staking protocol for the Lightning Network that enables BTC holders to earn routing fees and optionally harvest additional yield in Ethereum’s DeFi ecosystem. The protocol aims to simplify the technical complexities of running Lightning nodes and to introduce DeFi mechanics to persuade Ethereum‑savvy Bitcoin users to deploy liquidity to Lightning while retaining yield on Ethereum. Stroom implements DAO-like governance using a multi-party signature computation mechanism to govern users’ funds, set incentives, upgrade the protocol, operate a treasury, and determine fee allocation. Company leadership frames the initiative as a solution to Lightning Network liquidity shortfalls that limit robustness and payment success rates. Stroom plans to use new funding to expand the team and to release a Liquid Staking Token on the Ethereum mainnet. The article reports the company secured an oversubscribed $3.5M Seed round.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2023