RateX, the leading yield trading protocol on Solana, has announced the successful completion of its funding rounds, accumulating a total of $10.4 million over the past two years. The most recent funding round, a strategic raise, brought in $7 million. This latest investment saw participation from a notable group of global investors, including Animoca Ventures, ECHO, GSR, Crypto.com Capital, Gate, Rzong Capital, BGX Capital, and Summer Capital, among others.
Revolutionizing Yield Trading on Solana
RateX is recognized for its pioneering role as the foremost yield trading protocol on the Solana blockchain. It empowers users to access high-leverage, liquidation-free farming and fixed-income products. This is achieved by effectively separating principal and yield through sophisticated tokenization mechanisms. This innovative architecture is designed to provide traders, farmers, and institutional clients with exceptional capital efficiency for managing and trading yield.
A key innovation at the core of RateX's development is the trading of margin yield tokens (YT). This feature offers what is considered the most efficient capital structure currently available for yield trading. The protocol's methodology has set a new benchmark for programmable yield products, structured yield markets, and scalable on-chain leverage.
Introducing RateX V2: Mooncake and Leverage Tokenization
With the introduction of RateX V2, codenamed Mooncake, the development team is launching a groundbreaking financial primitive: Leverage Tokenization. Mooncake facilitates a permissionless and liquidation-free leveraged token market. This expansion integrates the protocol's existing yield infrastructure into a comprehensive, composable leverage ecosystem. By transforming leverage positions into tradable tokens, RateX significantly reduces its dependence on traditional lending markets and mitigates the risks associated with liquidations. This advancement unlocks several key capabilities:
- •USD-denominated funding yield tokens
- •Liquidation-free leveraged tokens
- •Completely on-chain, programmatic leverage markets
- •Composability with any DeFi protocol on Solana
By making leverage not only tradable and programmable but also openly accessible, RateX is transforming what was historically a complex back-end mechanism into a primary on-chain asset layer.
Strategic Integration with DeFi Development Corp.
In June of this year, DeFi Development Corp., the first U.S. public company to implement a treasury strategy focused on acquiring and compounding Solana (SOL), announced a strategic integration with RateX. This partnership grants dfdvSOL, the company's chosen liquid staking token (LST), full access to RateX's margin-based yield ecosystem. This integration is expected to enhance capital efficiency and expand yield opportunities across the broader Solana DeFi landscape.
Future Vision: A Universal Structured Finance Layer
RateX's long-term ambition is to establish itself as the universal structured finance layer for all on-chain markets. The protocol aims to power fixed income products, diverse yield strategies, leveraged products, and institutional-grade structured instruments through transparent and verifiable primitives.
“Sincere thanks to our investor base for supporting this vision to build the foundational layer for all structured finance on-chain,” said Sean Hu, Founder of RateX. “With the launch of Mooncake, we’re unlocking a new era of scalable, permissionless yield and leverage markets, built natively for the Solana ecosystem.”
About RateX
RateX operates as a margin and spot yield trading protocol across multiple blockchain networks. It specializes in yield tokenization, as well as the splitting and trading of yield and principal. On the RateX platform, users have the ability to trade Yield Tokens (YT) for various yield-bearing assets (YBA) with leverage, allowing them to capitalize on yield movements in a capital-efficient manner. In addition to leveraged yield trading, RateX offers two integrated features: Earn Fixed Yield and Yield Liquidity Farming, designed to cater to a wide range of user requirements.