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RateX Raises $10.4 Million for Solana-Based Yield Trading Platform

RateX secured $7 million in new funding from Animoca Ventures and GSR, advancing non-liquidation leveraged token trading through its Mooncake upgrade.

SOL

Summary

RateX, a Solana-based DeFi yield trading protocol, has raised a total of $10.4 million over two years, including a recent $7 million round from Animoca Ventures and GSR. The platform focuses on tokenized financial products and has launched its Mooncake upgrade, enabling leveraged token trading without liquidation risk.

Terms & Concepts
  • Yield Trading Protocol: A blockchain-based platform that enables users to trade financial products designed to generate returns from interest or yield-bearing assets.
  • Tokenized Financial Products: Digital assets representing traditional financial instruments, issued and managed through blockchain technology.
  • Leveraged Token Trading: A form of trading where tokens represent positions with built-in leverage, allowing magnified exposure without the need for margin accounts.