TechFlow News – Hedge, an interest-free lending protocol built on Solana, announced on Tuesday it has raised $3.7 million in funding led by Race Capital, with participation from Pantera Capital, DCM, Solana Ventures, and Shima Capital. The new capital will be used to expand Hedge's team and open its liquidity Vault to the public this quarter.
Hedge was founded by former Google project manager Grubb and Chris Coudron, founder of Work.com. The project plans to officially launch publicly in Q2 this year. Data shows that the total value locked (TVL) in DeFi protocols built on Solana exceeds $6.7 billion.
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