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TechFlow news, December 8 — According to CoinDesk, Pye Finance has raised $5 million in a seed funding round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, Gemini, and others. The project is building an on-chain marketplace for time-locked staking positions on Solana, aiming to unlock approximately $75 billion worth of staked SOL assets.
According to CoinDesk, Pye Finance has raised $5 million in a seed funding round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, Gemini, and others. The project is building an on-chain marketplace for time-locked staked positions on Solana, aiming to unlock approximately $75 billion worth of staked SOL assets.
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