On December 10th, Neptune Protocol, a decentralized lending platform based on the Eclipse blockchain, completed a $3.90 million seed round of financing, with investors including Bloccelerate, Animoca Ventures, CMS Holdings and Maelstrom.
The project, co-founded by former Citibank and AngelDAO executive David Mass and Meir Bank, will launch an over-collateralized stablecoin USDN based on the Solana Virtual Machine (SVM). Neptune has partnered with multiple ecosystem partners such as Switchboard, Pyth, Nucleus, Stride, Solar Dex, and is expected to go live on the mainnet in the fourth quarter of 2024. Funding will be used for protocol development, security audits, and team expansion.
Neptune Protocol completes $3.90 million seed round to launch Eclipse ecosystem stablecoin USDN
2024-12-10 14:17:30
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