Neptune Protocol has completed a $3.90 million seed funding round to launch its native stablecoin USDN, Eclipse.

Neptune Protocol, a decentralized lending platform based on the Eclipse blockchain, has completed a $3.90 million seed round financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, and others. The funds will be used to support the launch of Eclipse's native stablecoin USDN, which is a modular blockchain powered by the Solana Virtual Machine (SVM). Additionally, Neptune Protocol is expected to launch its mainnet in Q4 2024. (The Block)