Pye Finance has completed a $5 million seed round funding, with Variant and Coinbase Ventures co-leading the investment.

BlockBeats News, December 8th: Pye Finance has completed a $5 million seed round of financing, led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, Gemini, and other companies.

This startup is building an on-chain marketplace on Solana for time-locked staking positions, aiming to make locked equity transferable and easier to build into term-based products.