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Marginfi Labs: Raises $3M In Seed Funding
FinTechFunding
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Marginfi Labs: Raises $3M In Seed Funding

Steve Sam
By Steve Sam

Marginfi Labs Raises $3M In Seed Funding

  • Mrgn Labs, the New York-based core contributing team to Marginfi, a decentralized margin protocol for Solana DeFi, raised $3M in Seed funding
  • The round was led by Multicoin Capital and Pantera Capital with participation from Sino Global Capital and Solana Ventures
  • The company intends to use the funds to drive community and ecosystem development, launch the protocol into DevNet in Q1
  • Marginfi Labs develops Marginfi, a decentralized portfolio margining protocol for trading on Solana
  • The protocol gives traders a unified account to access margin, compose a portfolio, and improve capital efficiency across underlying trading protocols
  • With Marginfi, traders can manage a custom portfolio across different DeFi protocols through a single trader account

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