[Pye Finance Completes $5 Million Seed Round Led by Variant and Coinbase Ventures] Pye Finance announced the completion of a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, and Gemini. Pye is developing an on-chain marketplace based on Solana to enable the tradability of time-locked staked assets. The plan is to split staked SOL into independently transferable principal and reward tokens to enhance liquidity and yield management capabilities. The product is expected to begin private testing in the first quarter of 2026.