Three Arrows Backs Money-Streaming Mean DAO to Boost DeFi Payments on Solana

Posted on by American Coins & Gold

Three Arrows Backs Money-Streaming Mean DAO to Boost DeFi Payments on Solana
Mean DAO has raised a $3.5 million funding round to boost Solana’s decentralized finance (DeFi) ecosystem with a protocol for money streaming, a service that automates payment and banking workflows and allows for flexible payment schedules.The project announced the funding round on Monday, led by Three Arrows Capital, SoftBank and DeFiance Capital, with participation from Skyvision Capital, Solar Eco Fund, Sesterce Capital and Gate.io.With money streaming, instead of receiving a payment such as a salary every two weeks, smaller payments can be made over shorter periods of time, even covering a fraction of a second.Users can then dedicate a fixed…