RateX, a yield trading protocol on Solana, has completed a $7 million funding round with participation from Animoca Ventures, ECHO, and others

TechFlow news, November 21 — According to Techinasia, RateX, a yield trading protocol on the Solana blockchain, has completed three funding rounds totaling $10.4 million over the past two years.

The latest round raised $7 million from investors including Animoca Ventures, ECHO, GSR, Crypto.com Capital, Gate, Rzong Capital, BGX Capital, and Summer Capital.

RateX operates a protocol enabling users to trade and manage yields on Solana through tokenized financial products. The company recently launched Mooncake, an upgraded version supporting liquidation-free leveraged token trading.