Neptune Protocol closes $3.9 million seed round with Animoca Ventures and others

December 10 - Neptune Protocol has reportedly announced the completion of a $3.9 million seed round of financing from Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, Optic Capital and Relayer Capital, as well as angel investors Meltem Demirors, Kartik Talwar and others. The funds will be used to launch the Eclipse ecosystem overcollateralised native stablecoin USDN based on Solana Virtual Machine (SVM) and to support protocol security audits and team scaling.USDN is designed to improve capital efficiency through a decentralised lending model, with the mainnet expected to go live in Q4.