According to Foresight News, Solana money market protocol BlonkFi has completed its Pre-Seed round of financing, led by UOB Venture Management and Signum Capital, with participation from Manifold Trading, Kyros Ventures and Hypotenuse Labs. The specific amount of financing has not yet been disclosed.
BlonkFi allows users to borrow stablecoins using volatile mid-market capital such as Meme tokens as collateral.
