DeFi on Solana: Solrise raises $3.4M for non-custodial asset management
Solrise Finance is a DeFi protocol designed to support managed portfolios on the Solana network. The platform allows investors to allocate capital across several actively managed funds. Solrise Finance, a DeFi protocol for the Solana network, has successfully concluded a $3.4 million raise for its non-custodial asset management platform, offering further evidence that the venture capital world continues to seek broad exposure to the digital asset market.Some of the biggest venture capital names in blockchain supported the Solrise funding round, including Alameda Ventures, Delphi Digital....
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Transfer between custodied and non-custodied accounts can now take place within the Solflare wallet On Thursday, Solana-native wallet Solflare released a new integration with cryptocurrency exchange FTX.com and FTX.us to simply portfolio management for Solana users. As told by Solflare, it would make transfers between one's custodial and non-custodial balances trivial by enabling users to manage FTX funds directly from their Solflare web extension and later via the mobile wallet. Of course, FTX know-your-customer rules would still apply to link one's exchange accounts with Solflare.In....
A recent Solana hackathon generated unique ideas leveraging the blockchain's architecture. Solana and Serum announced the winners of a recent two-week hackathon focusing on building decentralized finance projects on the Solana blockchain. A total of nine projects were eligible for the hackathon’s official prize pool, with an additional project winning a community prize.The winning projects are primarily new DeFi protocols, though some infrastructure and tooling solutions also made the cut.The two first-place winners, Mango Markets and PsyOptions, won $50,000 in USDC-SPL, or USD Coin (USDC)....
The decentralized exchange (dex) platform Orca has announced the platform has raised $18 million in a Series A financing round with Polychain, Placeholder, and Three Arrows co-leading the funding. The dex platform is a Solana-based project that aims to be the “go-to swap” platform for Solana.
Solana’s Orca Gets an $18 Million Capital Raise
On Wednesday, the Solana-based decentralized finance (defi) service Orca revealed the team has raised $18 million in a Series A funding round. The investment, Orca says, will “jumpstart our path toward making Orca....
On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed the company has raised $3 million from investors in order to bolster defi margin trading, according to a press release announcement on Wednesday. Mrgn Labs is the team behind the defi margin protocol called Marginfi, a....
A play-to-earn (P2E) blockchain gaming guild has raised $18 million in a Series A financing round according to an announcement on Wednesday. Avocado Guild detailed that the firm raised the funds from investors such as Animoca Brands, Goldentree Asset Management, Three Arrows Capital, and Solana Ventures.
P2E Organization Avocado Guild Raises $18 Million From Strategic Investors
According to an announcement from Avocado Guild on Wednesday, the organization raised $18 million from strategic investors. The capital raise stemmed from the firm’s Series A funding round which....