Solana ecosystem meme coin staking platform BlonkFi completes pre-seed round financing

ChainCatcher news, according to official news from BlonkFi, the Solana ecosystem meme coin collateral platform BlonkFi has announced the successful completion of a pre-Seed financing round led by UOB Venture Management and Signum Capital. This round of investors includes Manifold Trading, Kyros Ventures, Hypotenuse Labs, and other strategic partners.

BlonkFi is a core liquidity infrastructure protocol aimed at addressing the liquidity issues of highly volatile, mid-cap assets such as meme tokens by allowing them to be used as collateral.