According to Foresight News, Meridian, a liquidity staking protocol built on Movement, has announced that it has completed a $4 million seed round of financing, led by ParaFi Capital and Borderless Capital, with participation from Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures. The funds will be used to expand the team and recruit engineering, product, and marketing staff. Meridian is currently running on the Movement testnet and plans to launch simultaneously with its mainnet.