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

According to Wu's report, the Movement ecosystem $DeFi project Meridian 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 recruit engineering, product, and marketing staff. Meridian is a decentralized liquid staking protocol platform built on the Movement network. Meridian is currently running on the Movement testnet and plans to launch alongside its mainnet.