As reported by PANews, Syrupal Protocol, a CeDeFi platform, has announced via the X platform that it has successfully raised $3.75 million in seed funding, which has boosted its valuation to $25 million. The names of the investors involved in this round have not been disclosed.

Syrupal Protocol aims to blend the strengths of both centralized and decentralized financial systems. The platform provides cryptocurrency options, including Bitcoin (BTC) and Ethereum (ETH), along with various options trading strategies.