Movement ecology Decentralized Finance project Meridian completed a $4 million seed round of financing, led by ParaFi Capital and Borderless Capital

Odaily Planet Daily News According to official sources, the Movement ecosystem Decentralized Finance project Meridian announced that it has completed a $4 million seed round of financing. This round of financing was jointly led by ParaFi Capital and Borderless Capital, with participation from Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures. It is reported that Meridian is a DecentralizationLiquiditystakeprotocol platform built on the Movement network. The platform is committed to improving Liquidity and income mechanisms for users, while also demonstrating the advantages of Move-based Smart Contracts, aiming to create a seamless, efficient, and secure Decentralized Finance experience, and attract users and developers to join the Movement ecosystem. Movement Labs co-founder Rushi Manche said that the successful financing of Meridian demonstrated the potential rise of Decentralized Finance based on Move. As the ecosystem matures, Meridian will play a key role in aggregating liquidity and providing fundamental financial primitives, and the funds will be used to develop a powerful, secure, and highly composable Decentralized Finance landscape on Movement. Meridian is currently running on the Movement testnet and is planned to be launched simultaneously with its Mainnet.