$3.6 Million Pre-Seed Round Fuels Ground's On-Chain Yield Infrastructure Ambitions

Ground, a startup focused on developing on-chain yield infrastructure for decentralized finance (DeFi) protocols and applications, has raised $3.6 million in pre-seed funding. The round was co-led by Bain Capital Crypto and ParaFi Capital, with participation from other prominent crypto-focused venture firms.

The company aims to provide a reliable layer of middleware that helps DeFi protocols manage, optimize, and distribute yield more efficiently, addressing the need for specialized infrastructure as the DeFi ecosystem matures.

Ground's approach focuses on automating complex yield strategies and risk management, reducing operational overhead and improving yield consistency for both protocols and their users. This could potentially accelerate innovation in areas like real-world asset tokenization and on-chain credit markets.