Jack Melnick, former head of decentralized finance for Polygon Labs, has joined the Layer 1 developer Berachain in the same position.
"For those who don't know me — I've been in the trenches of the Berachain community for almost three years, and as Smokey The Bera used to say: 'it's when, not if' I came on full time," Melnick wrote on the social media platform X. Smokey the Bera is a pseudonym for one of Berachain's founders. Polygon Labs develops the Ethereum Layer 2 network Polygon and other web3 technology. As the firm's head of DeFi, Melnick contributed to projects related to DeFi, infrastructure and products related to zero-knowledge Ethereum Virtual Machine , the Polygon Chain Development Kit and proof-of-stake technology.
On April 12, it was reported that Berachain raised $100 million in Series B funding co-led by the Abu Dhabi branch of Brevan Howard Digital and Framework Ventures, which saw further support from Polychain Capital, Hack VC, Samsung Next, Laser Digital from Nomura Group, Hashkey Capital, Nomad Capital, Hypersphere, Arrington Capital and others.
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