Marginfi Labs Raises $3M In Seed Funding
- Mrgn Labs, the New York-based core contributing team to Marginfi, a decentralized margin protocol for Solana DeFi, raised $3M in Seed funding
- The round was led by Multicoin Capital and Pantera Capital with participation from Sino Global Capital and Solana Ventures
- The company intends to use the funds to drive community and ecosystem development, launch the protocol into DevNet in Q1
- Marginfi Labs develops Marginfi, a decentralized portfolio margining protocol for trading on Solana
- The protocol gives traders a unified account to access margin, compose a portfolio, and improve capital efficiency across underlying trading protocols
- With Marginfi, traders can manage a custom portfolio across different DeFi protocols through a single trader account
