NewForm, Social Capital, and Flori headline a $1M seed round in Dahlia Labs.

Dahlia Labs is excited to announce that we have raised $1M in seed funding from New Form Capital, Social Capital, Flori Ventures, Allegory Capital, 3SE Holdings, Smith Aaker Family Trust, Rene Reinsberg, Marek Olszewski, Ryan Berkun, and Outlet Finance to engineer the open financial system.

The creators of the Soluna protocol, a gateway to Anchor on Solana. The initial investment will help bootstrap development of Dahlia’s ambitious roadmap for Soluna as it continues to decentralize and add new features.

After winning the Terra award at the Convergence Hackathon, the protocol launched almost immediately and has since surpassed $20M in TVL. Easily becoming the fastest growing project on Terra and Wormhole with solUST issuance steadily increasing by the week.

Backed by Anchor protocol on Terra, Soluna provides an important feature for the Solana DeFi ecosystem. A protocol that composes the functionality of DeFi’s most powerful money market with the most impactful protocols on Solana.

We’d like to thank our active community, Ian and Dylan from Saber Labs, and our investors for their unwavering enthusiasm as we head into the next stage of Soluna and Dahlia Labs.

To learn more about the Soluna protocol, join the community at;

Website: soluna.money

Twitter: https://twitter.com/solunaDAO

Discord: https://discord.gg/55xvnWrnPr

About Dahlia Labs

Dahlia is a research and development company dedicated to building open source, smart contract based protocols that accelerate the maturity of on-chain finance.