Monday, January 24, 2022

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Seeded Network: Raises $1.25M in Funding

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  • Though, the staked tokens can be withdrawn at any time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
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