PANews reported on November 21 that RateX, the revenue-sharing protocol for the Solana ecosystem, has raised a total of $10.4 million in funding over the past two years. The latest round raised $7 million, with investors including Animoca Ventures, ECHO, GSR, Crypto.com Capital, Gate, Rzong Capital, BGX Capital, and Summer Capital.

The protocol, as described, helps users trade and manage profits through tokenized financial products. The recently launched Mooncake upgrade supports trading of leveraged tokens without liquidation. In June of this year, the US-listed DeFi Development Corp. strategically integrated its staked tokens with the RateX ecosystem to obtain additional yield strategies.