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Valantis Labs is an ecosystem of LPs for Hyperliquid LSTs with a unique AMM that prevents LP losses during rebalancing and earns additional yield through lending to partner DeFi apps. It also introduces its own HYPE LST - stHYPE, as well as Valantis Prime for DCA purchasing $HYPE and simultaneously earning staking yield.
On November 20, 2024, the Valantis Hyperliquid project announced a total raise of $7.5M through Pre-Seed and Seed funding rounds with participation of Kraken Ventures, Delphi Digital, and others. Hence, the Seed round raised $4M at a $40M FDV, according to TheBlock.