Hong Kong — RateX, the main yield-trading protocol on Solana, has secured a complete of $10.4 million throughout three funding rounds, capped by a newly accomplished $7 million strategic increase backed by Animoca Ventures, ECHO, GSR, Crypto.com Capital, Gate, Rzong Capital, BGX Capital, Summer season Capital, and others. (Cowl: Sean Hu, Founding father of RateX)
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The announcement displays the fast rise of structured yield markets on Solana and RateX’s place on the middle of that shift.
A New Structure for Yield and Leverage on Solana
RateX has emerged as considered one of Solana’s most superior yield-layer protocols, permitting customers to entry high-leverage, liquidation-free farming, fixed-income markets, and programmable yield merchandise via principal-and-yield splitting.
Its defining early innovation: margin YT buying and selling — a design that provides merchants and establishments essentially the most capital-efficient strategy to categorical views on yield. RateX’s system has successfully turn into a blueprint for the subsequent era of structured yield devices on-chain.
With the launch of RateX V2, codenamed Mooncake, the protocol is introducing its most necessary primitive but: Leverage Tokenization.
Mooncake transforms leveraged positions into totally tradable, permissionless tokens, eradicating dependency on lending markets and eliminating liquidation danger. The result’s a brand new class of Solana-native monetary belongings:
USD-denominated funding yield tokens
Liquidation-free leveraged tokens
On-chain, programmatic leverage markets
Composability throughout any Solana DeFi protocol
By turning leverage right into a tokenized constructing block, RateX pushes structured finance into a completely programmable layer—one thing conventional markets can’t provide.
In June, the primary U.S. public firm with a Solana-focused treasury technique, DeFi Growth Corp., built-in its adopted LST, dfdvSOL, into RateX.
The transfer offers the corporate’s liquid staking asset direct entry to RateX’s margin-based yield markets—an early sign of how Mooncake’s leverage-as-an-asset mannequin can reshape capital effectivity for institutional gamers.
The Roadmap: A Common Structured Finance Layer
RateX’s long-term ambition is obvious: to turn into the on-chain equal of a worldwide structured finance desk—powering mounted revenue, leveraged merchandise, and institutional-grade yield devices throughout Solana and past.
“Honest due to our investor base for supporting this imaginative and prescient to construct the foundational layer for all structured finance on-chain. With Mooncake, we’re unlocking a brand new period of scalable, permissionless yield and leverage markets constructed natively for Solana.”
Sean Hu, Founding father of RateX
RateX operates throughout a number of chains, providing yield tokenization, principal-and-yield splitting, fixed-yield merchandise, and built-in liquidity farming—forming a unified platform for merchants, yield seekers, and establishments alike.
