Spout Finance raises $2M to offer 0% interest USDC borrowing against tokenized stocks on Solana

Spout's $2m strategic round was led by Draper Dragon, Anchorage, Flow Traders, Taisu Ventures, Vessel VC, Solayer Labs, 2Square Capital and Bering Waters, with strategic backing from Solana Labs. Angel investors include Solana Labs co-founders toly and rajgokal, former CFTC chairman giancarloMKTS, and Eric Injective, Dean Swennumson and gizmothegizzer. The company states users post tokenized US equities as collateral, borrow USDC at a flat 50% LTV and pay 0% interest for as long as the loan is held, with the lender paid from weekly covered call premium. Spout is on Solana devnet, with mainnet launching soon.

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