The DeFi project Meridian in the Movement ecosystem has completed a $4 million seed funding round, led by ParaFi Capital and others.

The liquidity staking protocol Meridian, built on Movement, has announced the completion of a $4 million seed round financing, led jointly 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 currently operational on the Movement testnet and plans to launch alongside its mainnet.