PANews reported on May 20 that according to The Block, Bitcoin liquidity pledge agreement Rover has completed a $4.1 million seed round of financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, UTXO, Maelstrom and other institutions, as well as angel investors such as Meltem Demirors. The project was founded by former Citibank executive David Mass and Meir Bank, and aims to develop a liquidity pledge solution for Botanix, Bitcoin's first fully decentralized sidechain.

Rover is about to be launched on the mainnet. Users can obtain liquidity staking tokens rovBTC by staking Bitcoin, and earn Bitcoin income while maintaining liquidity. The token can also be used for DeFi operations such as trading and lending in the Botanix ecosystem. The project has reached cooperation with Chainlink and others, and has passed the audit of three security companies including Trail of Bits.