"Pye’s pitch is aimed at a large base of staked SOL on Solana, more than 414 million tokens, worth about $75 billion at current prices, that sit in basic staking accounts. These positions typically can’t be customized or traded once locked, limiting how validators compete for stake and how stakers manage liquidity, the firm said."

Top comment by @Spencer420

More coverage

Explore the topic

More on Seed Round

Variant leads seed round for Tenor, a decentralized finance protocol focused on fixed-income lending

Variant leads seed round for Tenor, a decentralized finance protocol focused on fixed-income lending

𝕏/@TenorFinance ·

Trasia launches non-custodial Asia-first trading platform with $1.75M seed funding from Multicoin

Trasia launches non-custodial Asia-first trading platform with $1.75M seed funding from Multicoin

𝕏/@mablejiang ·

Sazabi's $8M seed round and beta launch mark a major leap toward autonomous self-healing software

Sazabi's $8M seed round and beta launch mark a major leap toward autonomous self-healing software

𝕏/@sazabi ·

Mirendil raises $200m seed round led by a16z to build AI that automates AI engineering work

Mirendil raises $200m seed round led by a16z to build AI that automates AI engineering work

𝕏/@a16z ·

AI analytics platform Polysights raises $1.5M pre-seed funding to combat insider trading in prediction markets. The raise was backed by YZi Labs S3, Maven 11 Capital, and angels from Kraken and Consensys, plus grants from Polymarket and AWS.

AI analytics platform Polysights raises $1.5M pre-seed funding to combat insider trading in prediction markets. The raise was backed by YZi Labs S3, Maven 11 Capital, and angels from Kraken and Consensys, plus grants from Polymarket and AWS.

𝕏/@Polysights ·

a16z leads Ornn's $33M seed round to build financial markets for AI compute, introducing GPU price indices, futures, and capital products for data center investors

a16z leads Ornn's $33M seed round to build financial markets for AI compute, introducing GPU price indices, futures, and capital products for data center investors

𝕏/@alive_ ·

Explore the full feed

Comments

Up nextLido probes stETH oracle as 32 ETH deposit omission cuts daily rebase APR from 2.15% to 2.04%; funds remain safe