Solana eco-LSD protocol Sanctum closes $6.1 million funding round

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2024/04/03 16:40

April 4, 2012 - Solana's eco-liquidity pledge servicing agreement, Sanctum, announced the completion of a $6.1 million seed round expansion round led by Dragonfly with participation from Solana Ventures, CMS Holdings, DeFiance Capital, Genblock Capital, Jump Capital, Marin Digital Ventures, and others. Sanctum said it will focus on two products in 2024: Sanctum LSTs and Infinity, which is used for liquidity collateralization on Solana and allows users to deposit SOLs or other LSTs into Infinity to receive cumulative pledge proceeds.

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