Jack Melnick, beforehand the Head of Decentralized Finance (DeFi) at Polygon Labs, has joined Berachain in the identical position. Melnick started his tenure at Berachain on Monday after serving at Polygon Labs since January 2023.
His announcement on the social media platform X emphasised his long-standing involvement with the Berachain group and his pleasure for the brand new position.
At this time is my first day as Head of DeFi at @Berachain!
For individuals who do not know me –
I have been within the trenches of the Berachain group for nearly three years, and as @SmokeyTheBera used to say: “it is when, not if” I got here on full time.Grateful to have discovered the ulitmate…
— Jack Melnick 🐻⛓ (@jackmelnick_) Might 13, 2024
Melnick’s Tenure at Polygon Labs
Throughout his time at Polygon Labs, Melnick’s work concerned contributing to DeFi initiatives, creating infrastructure, and enhancing merchandise associated to zero-knowledge Ethereum Digital Machine (zkEVM).
Moreover, he labored on the Polygon Chain Growth Equipment (CDK) and proof-of-stake expertise. Melnick expressed his ongoing enthusiasm for the developments at Polygon Labs, wishing his former colleagues success of their future endeavors.
Berachain’s Latest Funding and Ecosystem
Berachain not too long ago secured $100 million in Sequence B funding, co-led by the Abu Dhabi department of Brevan Howard Digital and Framework Ventures. This funding spherical included investments from Polychain Capital, Hack VC, Samsung Subsequent, Laser Digital from Nomura Group, Hashkey Capital, Nomad Capital, Hypersphere, Arrington Capital, and others.
The Berachain ecosystem is constructed round three predominant tokens: BGT, HONEY, and BERA. These tokens facilitate staking, liquidity provision to DeFi protocols, governance, and transaction charge funds inside the Berachain community.
Melnick’s transition to Berachain marks a brand new chapter in his profession, bringing his experience and expertise to the rising Layer 1 developer.
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