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Exponent completes $5 million seed round funding, led by Multicoin Capital
Golden Finance reports that on April 30th, the yield trading platform Exponent Finance, based on Solana, announced the completion of a $5 million seed round of funding, led by Multicoin Capital, with participation from Solana Ventures, RockawayX, L1D, Prelude, Theia Blockchain, and other institutions, as well as several core figures from the Solana ecosystem acting as angel investors. It is understood that this round of financing was initiated in May of last year and completed in August, bringing Exponent’s total funding to $7.1 million. Exponent stated that the funds will be used to expand its yield trading platform and upgrade it to a more comprehensive on-chain yield infrastructure, covering active yield management needs within the Solana ecosystem.