On October 18th, the leveraged income trading market RateX launched the Solana main network and reached a cooperation with Jito and Jupiter to jointly expand the income trading application scenarios on the Solana chain. RateX provides functions such as leveraged income trading, fixed income investment and yield liquidity mining. Previously, RateX won the first place in the Solana Renaissance Hackathon MCM, and received funding from the Solana Foundation and investment from several VCs.
On July 16, RateX, a leveraged interest rate trading agreement on Solana, announced the completion of a seed round of financing. The specific amount of financing was not disclosed. GSR, SNZ Holdings, Presto Labs, Animoca Ventures, Initial Ventures, G Ventures, KuCoin Ventures, Summer Ventures, and LeadBlock Bitpanda Ventures participated in the investment.