Seeded Network Raises $1.25M in Funding
- Seeded Network, a Majuro, Marshall Islands-based project incubator and defi platform, raised $1.25M in funding
- The company intends to use the funds to develop its project incubator leveraging Defi on Solana
- The staking product will enable users to stake their $SEEDED tokens for seven days before an incubator project launch to gain an allocation
- Though, the staked tokens can be withdrawn at any time
- The borrowing product will allow participants to use their existing assets to borrow native tokens, including its own $SEEDED token
- Uniquely to Solana, liquidity provider (LP) tokens can also be used to provide such collateral, delivering utility to the network
