Hedgehog Raises $1.5 Million in Pre-Seed Funding to Address Crypto Trading Fee Volatility

According to Foresight News, cryptocurrency trading fee hedging protocol Hedgehog has completed a $1.5 million pre-seed funding round. The round was participated by Marshland Capital, Tenzor Capital, Prometeus Ventures, 3Commas Capital, and Nothing Research, as well as angel investors such as Vasiliy Shapovalov, co-founder of Lido Finance, Banteg, an anonymous developer from Yearn Finance, and ivangbi, an anonymous core contributor from Gearbox. Hedgehog aims to address the issue of significant volatility in cryptocurrency trading fees. Its core objective is to create an asset whose price reflects the current transaction fee prices on Ethereum.