Spout Finance Completes $2M Strategic Funding Round

KuCoinFlash

Release Time: 2026/10/16 01:55:11

SOL

$105.182.65%

Summary

Spout Finance, a DeFi lending protocol on Solana, closed a $2 million project funding round on October 16, 2026. Investors include Draper Dragon, Anchorage, and Flow Traders, with Solana Labs providing strategic support. The platform allows users to deposit tokenized U.S. stocks as collateral to borrow stablecoins such as USDC with no interest. This on-chain milestone represents a key step in the project’s expansion of its DeFi infrastructure.

BlockBeats news: On October 16, Spout Finance, a Solana-based DeFi lending protocol, completed a $2 million strategic funding round, with participation from Draper Dragon, Anchorage, Flow Traders, Vessel Capital, Solayer, 2Square, and Bering Waters Group, and strategic support from Solana Labs.

Spout Finance allows users to use their tokenized U.S. stocks as collateral to borrow stablecoins (such as USDC) without paying interest.

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