Permissionless on-chain yield protocol Polaris has secured $1 million in angel funding, with participation from the Ethereum Foundation, Fusion (IPOR), Altitude, Liquity, LI.FI, and over 30 other founders and contributors, including Daily Gwei founder Anthony Sassano. The protocol's core product is pETH, a yield-bearing reserve asset, alongside USDp and GOLDp, targeting native yield for any on-chain asset.
Polaris, a permissionless on-chain yield protocol, has completed a $1 million angel funding round, as announced on September 4. Investors include the Ethereum Foundation, Fusion (under IPOR), Altitude, Liquity, LI.FI, and more than 30 founders and contributors, such as Anthony Sassano of Daily Gwei.
The protocol's flagship product is pETH, a yield-bearing reserve asset, along with USDp and GOLDp. Polaris aims to deliver native yield for any on-chain asset.
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