Solana DeFi Protocol Exotic Markets Raises $5M Ahead of Mainnet Launch
Summary
Decentralized finance (DeFi) protocol Exotic Markets raised $5 million in a private token sale co-led by Multicoin and Ascensive Assets. • None Exotic Markets offers a range of structured products (pre-packaged investments) on a Solana-based platform governed by the EXO token. • None Part of the funds will be allocated to market-making activities on the platform to help drive its mainnet launch, which is planned for late February, said Dalet. • None Other participants in the Exotic Markets token sale included Alameda Research, Animoca Brands, Morningstar Ventures, Solana Capital and others. • None “Structured products will open up opportunities for investors to generate yield denominated in stablecoin rather than governance tokens,” Ascensive Assets Managing Partner Oliver Blakely said in a press release.