Solana Ecosystem Yield Protocol RateX Completes $7 Million Funding Round, With Participation From Animoca Ventures

BlockBeats News, November 21st, according to Techinasia, the Solana ecosystem yield trading protocol RateX has raised $7 million in its latest funding round, with investors including Animoca Ventures, ECHO, GSR, Crypto.com Capital, Gate, Rzong Capital, BGX Capital, and Summer Capital.

RateX has raised a total of $10.4 million in funding over the past two years. RateX helps users trade and manage yield through tokenized financial products, and its recent Mooncake upgrade supports non-custodial leveraged token trading. In June of this year, the U.S.-listed company DeFi Development Corp strategically integrated its staked tokens with the RateX ecosystem to pursue additional yield strategies.