TechFlow news, Mean DAO, the developer of custodial banking platform Mean Protocol and MeanFi, has raised $3.5 million in strategic funding led by Three Arrows Capital, SoftBank, and DeFiance Capital, with participation from Skyvision Capital, Solar Eco Fund, Sesterce Capital, and Gate.io. Mean DAO is the team behind Mean Protocol and MeanFi. Mean Protocol is a streaming payments protocol built on Solana that enables users to make micro-payments in much shorter intervals—even fractions of a second. Users can allocate a fixed percentage of their payment streams toward lending protocols or swapping other cryptocurrencies, all through automated processes. The payment streams can also be used for subscription services. Currently, Mean DAO has over 19,000 members, and its platform serves 31,000 users.
Add to Favorites
Share to Social Media
