Solana startup Pye Finance raises $5M in seed funding

Pye Finance has raised $5 million in a seed funding round, CoinDesk reported. The round was co-led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, and Gemini. The company is developing a marketplace for trading time-locked staking positions, aiming to make locked staking assets transferable and easier to structure as fixed-term products.