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Luna Foundation Guard Raises $1Bn to Save UST Dollar Peg


The LFG (Luna Foundation Guard) recently raised over 1 billion dollars in its private token sale. The NPO was established with the aim to boost the development of the Terra framework. Now, the organization will use these funds to secure the peg of UST against market fluctuations. As the primary...

Solana-Based Defi Margin Trading Protocol Raises $3 Million in Seed Funding


On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs...

Luna Foundation Guard Raises $1 Billion to Safeguard UST Dollar Peg


The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token has an algorithmic method to maintain its dollar value, this decentralized reserve —...

Congo Based Startup Jambo Raises $7.5 Million in Seed Funding Round


A Congo-based Web3 app developer, Jambo, recently said it raised $7.5 million in a seed funding round. According to a report, the startup’s successful seed round is the latest by an Africa-based firm that is working towards developing Web3. Startup’s Partnership With Social Media...

Solidus AI Tech Raises $5.4 Million in Funding and Unveils New Partners


PRESS RELEASE. High-performance computing (HPC) company Solidus AI Tech has raised $5.4 million and are now entering their 3rd round of funding. Solidus AI Tech is working to solve the problem of the lack of European HPC facilities in the global top 10. Only producing 5% of computing power despite...

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