Solana-based yield trading platform Exponent has raised $5 million in seed funding, led by Multicoin Capital.

CoinFeed reported on April 30th that, according to The Block, Solana yield trading platform Exponent has completed a $5 million seed funding round, led by Multicoin Capital, with participation from Solana Ventures, RockawayX, L1D, Prelude, Theia Blockchain, and Solana Labs CEO Anatoly Yakovenko. The round was structured with SAFE plus token options, and the valuation was not disclosed.