Function Secures $10M from Galaxy Digital, Antalpha & Mantle to Supercharge Bitcoin Yield—Bullish DeFi Play
Bitcoin just got a yield injection—and Wall Street's crypto cavalry is riding in.
Function's $10M funding round, backed by heavyweights Galaxy Digital, Antalpha, and Mantle, signals a seismic shift: TradFi giants are betting big on Bitcoin DeFi. Because apparently hodling wasn't profitable enough for their spreadsheets.
The Pitch: Turning BTC from Digital Gold to Cash Cow
Function's protocol promises to unlock yield on idle Bitcoin—no wrapping, no sidechains, just pure BTC working harder than a VC during a bull run. Galaxy's involvement suggests institutional demand isn't just coming; it's writing checks.
Why This Matters
With Mantle's Ethereum scaling tech in the mix, this could bridge the gap between Bitcoin maximalists and yield-hungry DeFi degens. The play? Capture a slice of Bitcoin's $500B+ idle value—because in crypto, even 'sound money' needs to make noise.
Cynical take: Nothing unites TradFi and crypto like the scent of leveraged returns. Just don't mention 2022.
