Suzaku closes 1.5 million USD in funding to expand Avalanche Layer 1 decentralization

On August 29, Avalanche announced that Suzaku completed its funding round totaling 1.5 million USD, incorporating seed rounds, public sales, and grants.

Suzaku functions as a staking protocol designed to facilitate scaling and decentralizing Avalanche’s Layer 1 validator nodes, ultimately leading to permissionless decentralization.