Meridian, a Hong Kong-based decentralized liquidity marketplace and a liquid staking protocol built on Movement, raised $4M in Seed funding.
The round was led by ParaFi Capital and Borderless Capital, with participation from Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures.
The company intends to use the funds to expand its global team, actively hiring across engineering, product, and marketing roles.
Led by Adam Cader, Co-Founder, Meridian is a decentralized liquidity marketplace and liquid staking protocol enabling users to trade and earn with their assets. The protocol is currently live on testnet and is scheduled to launch on day one of Movement’s mainnet, marking a significant milestone for the Move ecosystem.
The platform will work closely with various restaking protocols and yield-bearing asset issuers to provide a highly secure and composable infrastructure for DeFi activities.
FinSMEs
24/09/2024