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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Leveraged synthetic yield exchange RateX completes seed round financing, GSR and others participate
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