Solana-based lending protocol Spout has raised $2 million in a strategic funding round

The project’s goal is to disrupt traditional margin lending by introducing 0% interest borrowing against tokenized U.S. equities Spout’s funding round attracted prominent institutional backers such as Draper Dragon, Anchorage Digital, Flow Traders, and Solana Labs, alongside angel investors including former CFTC Chairman J. Christopher Giancarlo and Solana co-founders. Spout allows users to borrow USDC at a 50% loan-to-value ratio with 0% interest by using tokenized U.S. stocks as collateral. Unlike traditional brokerages charging double-digit annual margin rates, Spout generates lender yields through automated weekly covered call options strategies rather than borrower interest.

Source: Crypto Daily