Solana ecosystem yield trading protocol RateX completes $7 million in new financing, with participation from Animoca Ventures and others

According to market news, the Solana ecosystem yield trading protocol RateX has completed a total of $10.4 million in financing over the past two years. The latest round of financing raised $7 million, with investors including Animoca Ventures, ECHO, GSR, Crypto.com Capital, Gate, Rzong Capital, BGX Capital, and Summer Capital.

The protocol helps users trade and manage yields through tokenized financial products, and the recently launched Mooncake upgrade supports non-liquidation leveraged token trading. In June of this year, the publicly listed company DeFi Development Corp. has strategically integrated its staking tokens with the RateX ecosystem to obtain additional yield strategies.