Inception, a restaking protocol built on EigenLayer, announces cessation of operations

ChainCatcher reports that the restaking protocol Inception, built on EigenLayer, has announced it will cease operations. According to the announcement, Inception has not found a suitable product-market fit over the past two years. In addition, the lack of liquidity incentives in shared security has made it difficult for the protocol to move forward.

As previously reported by ChainCatcher, the decentralized liquidity restaking protocol Inception announced the completion of a $3.5 million seed round, with participation from London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, Absoluta Digital, and others. The new funding was intended to support the development of a modular risk management framework, enabling users to select reward-generating assets to maximize points rewards and the utility of liquid staking tokens (LSTs).