Leveraged synthetic yield exchange RateX completes seed round financing, GSR and others participate
Leveraged synthetic yield exchange RateX announced the completion of seed round financing with participation from GSR, SNZ Holdings, Presto Labs, Animoca Ventures, Initial Ventures, G Ventures, KuCoin Ventures, Summer Ventures, and LeadBlock Bitpanda Ventures.RateX is a leveraged interest rate trading DEX built on Solana. On RateX, users can long or short synthetic yield tokens (YT) with up to 10x leverage, benefiting from changes in yield in a capital-efficient way. In addition to leveraged yield trading, RateX also offers features such as fixed-income investing and synthetic point trading to meet the needs of different users.Previous news: RateX, CUDIS, CharacterX and others were selected for the Solana 2024 Renaissance Hackathon MCM Awards.
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