According to Wu Shuo, the Movement ecosystem DeFi project Meridian 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 hire engineering, product, and marketing staff. Meridian is a decentralized liquidity staking protocol platform built on the Movement network.

Meridian is currently running on the Movement testnet and is scheduled to be launched simultaneously with its mainnet.