Rover Raises $4.1M for Bitcoin Liquid Staking on Botanix

Author - personCMO Intern

5/21/2025

Rover Raises $4.1M for Bitcoin Liquid Staking on Botanix

May 20, 2025 – Rover, the flagship liquid staking protocol for Bitcoin on Botanix, has successfully closed a $4.1 million seed funding round. The round saw participation from prominent investors including CMS Holdings, Animoca Ventures, Bloccelerate, UTXO, Maelstrom, and several others. This funding will propel Rover's mission to empower Bitcoin holders with a secure and efficient liquid staking solution.

Rover enables users to stake their BTC and receive rovBTC, a liquid staking derivative that allows them to earn rewards while maintaining liquidity and participating in Botanix’s DeFi ecosystem. The protocol delegates staked BTC to a network of validators, ensuring decentralized security and optimal yield generation.

"It has historically been a challenge for Bitcoin to experience the full benefits of DeFi," said Rover Co-founder David Mass. "Creating Rover was an opportunity to bring out Bitcoin's full potential through liquid staking, exclusively on Botanix."

Key Features and Benefits of Rover:

Decentralized Liquid Staking: Stake BTC and receive rovBTC, a liquid staking token (LST).

Yield Generation: Earn Bitcoin rewards on staked BTC.

Liquidity Retention: Maintain access to liquidity through rovBTC for use in DeFi activities.

Botanix Integration: Seamless integration with the Botanix DeFi ecosystem.

Decentralized Security: Staked BTC is delegated to a diverse network of validators.

Simple and Secure Smart Contracts: Designed for transparency and security.

Community-Driven: Rover's community participates in the protocol's governance.

Unlocking Bitcoin's Potential in DeFi:

Rover addresses the historical limitations of Bitcoin in DeFi by enabling users to earn yield and participate in DeFi activities without locking up their BTC. This marks a significant advancement in Bitcoin's utility within the decentralized finance landscape.

Strategic Partnerships and Audits:

Rover has established partnerships with key players in the Web3 space, including Chainlink, Dolomite, Vertex, and Kiln. The protocol has also undergone rigorous security audits by leading firms such as Trail of Bits, Zellic, and Halborn.

Strong Investor Backing:

The robust participation from established investors underscores the confidence in Rover's vision and the growing demand for liquid staking solutions in the Bitcoin ecosystem. The investment will be crucial in supporting Rover's mainnet launch and further development.

About Rover:

Rover is a decentralized liquid staking protocol built on Botanix, allowing Bitcoin holders to stake their assets and receive rovBTC, a liquid staking token. This enables users to earn rewards while maintaining liquidity and participating in the Botanix DeFi ecosystem.