According to news on December 10, Neptune Protocol, a decentralized lending platform based on the Eclipse blockchain, completed a $3.9 million seed round of financing from investors including Bloccelerate, Animoca Ventures, CMS Holdings and Maelstrom. The project, co-founded by former Citibank and AngelDAO executive David Mass and Meir Bank, will launch an over-collateralized stablecoin USDN based on the Solana Virtual Machine (SVM). Neptune has reached cooperation with multiple ecological partners such as Switchboard, Pyth, Nucleus, Stride, Solar Dex, etc., and is expected to be launched on the mainnet in the fourth quarter of 2024. Financing funds will be used for protocol development, security audits and team expansion.