PANews reported on August 29 that according to the official blog of Avalanche, the Layer 1 blockchain decentralized center Suzaku announced that it has completed US$1.5 million in financing, including seed rounds, public sales and grants.

Avalanche introduced Suzaku as 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 a structured path for Layer 1 nodes to move from centralized validation to fully permissionless decentralization.