Pye Finance has raised 5 million dollars in investment.

Pye Finance Completes Investment Round

Pye Finance has raised $5 million in a seed investment led by Variant and Coinbase Ventures. The funding round also saw participation from significant names such as Solana Labs, Nascent, and Gemini.

New Product: Time-Locked Staking Marketplace

This initiative 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 worth of staked SOL pool with its product, providing more flexibility for validators and staking users.