RateX, a revenue-sharing protocol within the Solana ecosystem, has successfully raised $7 million in its latest funding round. Key investors include Animoca Ventures, ECHO, GSR, Crypto.com Capital, Gate, Rzong Capital, BGX Capital, and Summer Capital. This brings RateX's total funding to $10.4 million over the past two years. The protocol facilitates trading and profit management through tokenized financial products, and its recent Mooncake upgrade allows for trading leveraged tokens without liquidation risks. Earlier this year, DeFi Development Corp. integrated its staked tokens with RateX to enhance yield strategies.
RateX Secures $7 Million in Funding Led by Animoca Ventures
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