Solana ecosystem yield trading protocol RateX completes $7 million financing, with participation from GSR and others

The Solana ecosystem yield trading protocol RateX has raised $7 million in its latest funding round, with investors including Animoca Ventures, ECHO, GSR, Crypto.com Capital, Gate, Rzong Capital, BGX Capital, and Summer Capital.

RateX has completed a total of $10.4 million in funding over the past two years. RateX 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 U.S. listed company DeFi Development Corp has strategically integrated its staking tokens with the RateX ecosystem to obtain additional yield strategies.