Obol Labs Raises $12.5M Co-led by Pantera Capital and Archetype

Obol Labs announced it has raised $12.5m in a funding round co-led by Pantera Capital and Archetype.

Obol Labs aims to build out decentralized validator technology (DVT), which allows an Ethereum Proof-of-Stake validator to be run simultaneously on more than one node or machine. Obol Labs said it is already working with Lido and StakeWise to use DVT to more securely and efficiently distribute user funds across operators.