Pye Finance raised 5 million dollars in investment.

Pye Finance Completes Investment Round

Pye Finance has raised 5 million dollars in a seed investment led by Variant and Coinbase Ventures. Notable participants in the investment include Solana Labs, Nascent, and Gemini.

New Product: Time-Locked Staking Marketplace

This venture is building an on-chain marketplace for time-locked staking positions that can be traded on the Solana network. Pye Finance aims to target the approximately 75 billion dollars worth of staked SOL pool with its product, intending to provide greater flexibility for validators and stakers.