PANews August 29 news, according to the official Avalanche blog, the decentralized hub of Layer 1 blockchain, Suzaku, has announced the completion of a $1.5 million financing round, which includes seed funding, public offerings, and grants.

Avalanche introduced that Suzaku is a (re)staking protocol dedicated to helping Avalanche's Layer 1 nodes securely scale and decentralize their validator set. The protocol fills a critical infrastructure gap in the Avalanche ecosystem by providing Layer 1 nodes with a structured path from centralized validation to fully permissionless decentralization.