Solana-Based DeFi Protocol Synchrony Raises $4.2M for Composable Indices

Posted on by American Coins & Gold

Solana-Based DeFi Protocol Synchrony Raises .2M for Composable Indices
Synchrony, an on-chain asset management protocol built on the Solana blockchain, has raised $4.2 million in strategic funding to further the development of its decentralized finance (DeFi) configurable indices.The funding, led by by Sanctor Capital, Wintermute Trading and GBV Capital, will also go toward its marketing operations as it attempts to position itself as a frontrunner for DeFi asset management interacting with Solana’s ecosystem.“Synchrony is hyper-focused on fostering an inclusive community where people can learn, build and collaborate together,” Synchrony Labs co-founder Andrew Fraser said in a statement on Thursday.The budding protocol hopes to flesh out its platform where users…