PANews reported on February 19 that according to official news, modular income layer Cygnus announced the completion of a $20 million Pre-Seed round of financing, with participation from Manifold, OKX Ventures, Mirana Ventures, Optimism Retro Funding, etc. This financing will accelerate Cygnus's growth and expand its product range.

According to reports, Cygnus is a modular actual yield layer that enables blockchains to customize their own re-staking networks and achieve shared security. In addition, Cygnus is building the first Web3 Instagram application layer, integrating on-chain and off-chain assets to power the creator economy.