PANews reported on November 22 that the DeFi project Exponent announced the completion of its first round of financing of US$2.1 million, led by RockawayX, with participation from Solana Ventures, Cherry Ventures Crypto, Mechanism Capital and Robot Ventures, and also attracted the participation of many Solana ecosystem angel investors.
Exponent aims to build Solana's first fixed income market. Its flagship product "Yield Token" has been launched on the mainnet, providing predictable fixed income solutions and supporting income trading and liquidity management through AMM. The team plans to use this round of funds to continue to optimize core products and promote innovation in the Solana DeFi ecosystem.
