PANews reported on December 10 that according to The Block, Neptune Protocol announced the completion of a $3.9 million seed round of financing. Investors include Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, Optic Capital and Relayer Capital, as well as angel investors Meltem Demirors and Kartik Talwar. The funds will be used to launch the Eclipse ecosystem over-collateralized native stablecoin USDN based on the Solana Virtual Machine (SVM), and support protocol security audits and team expansion. USDN aims to improve capital efficiency through a decentralized lending model, and the mainnet is expected to be launched in the fourth quarter.