Exponent, a yield exchange built for Solana, raised a $5 million seed round, according to The Block.
The Block reports that the seed round drew participation from Solana Ventures. It also says Solana Labs’ Anatoly Yakovenko and Solana Foundation’s Nick Ducoff joined the funding.
The Block further credits Multicoin Capital as the lead investor for the round.
The provided details stop there, so there is no breakdown on product scope, launch timeline, or how the company plans to use the seed funding in The Block’s excerpt.