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Exponent Completes $2.1 Million Financing Round For DeFi Project on Solana
Investors Back Exponent’s Fixed-Rate Market for DeFi on Solana
Key Points:
Exponent, a DeFi project, has successfully closed a $2.1 million financing round led by RockawayX and supported by Solana Ventures, Cherry Ventures, Mechanism Capital, Robot Ventures, and various angel investors including Stepan Simkin, Marius C., David Lu, and MacBrennan.
Building a Fixed-Rate Market on Solana
The raised funds will enable Exponent to develop a fixed-rate market for DeFi on Solana, offering time-locked tokens that provide fixed income opportunities or can be utilized for yield trading. These tokens come with an expiration date, empowering users to convert variable DeFi yields into stable income or manage their exposure to yield volatility risks effectively.
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