Oak Grove Ventures announces participation in the Movement ecosystem DeFi project Meridian's $4 million seed round financing

2024-09-25 21:00:58

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ChainCatcher news, Oak Grove Ventures announced its participation in the $4 million seed round financing of the Movement ecosystem DeFi project Meridian. This round of financing was co-led by ParaFi Capital and Borderless Capital, with well-known institutions such as Amber Group, Saison Capital, and Interop Ventures also participating.

It is reported that Meridian is a decentralized liquidity market and liquid staking protocol platform built on the Movement network. The platform utilizes smart contracts based on the Move language to provide deep liquidity for cooperative agreements while offering users secure and efficient asset yields. Meridian aims to become the central liquidity and yield hub of the Movement ecosystem, bridging the gap between the Move ecosystem and existing EVM and SVM solutions to provide users with broader DeFi opportunities.

Additionally, the Web3 asset data platform RootData shows that Oak Grove Ventures is an early-stage investment fund focused on cutting-edge fields such as cryptocurrency, having successfully supported over 50 projects and 12 funds.

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Oak Grove Ventures Movement Meridian

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