DeFi project Exponent completes $2.1 million financing, led by RockawayX

ChainCatcher news, DeFi project Exponent has completed a $2.1 million financing round, led by RockawayX, with participation from Solana Ventures, Cherry Ventures, Mechanism Capital, Robot Ventures, and angel investors Stepan Simkin, Marius C., David Lu, MacBrennan, among others. The funds will be used to build a fixed-rate market for DeFi on Solana.

It is reported that the time-locked tokens issued by Exponent can generate fixed income or be used for yield trading. These tokens have an expiration date, allowing users to convert variable DeFi yields into fixed income over a set time span or to expand their exposure to yield volatility risks.