Odaily Planet Daily reports that Polaris has announced the completion of a $1 million seed round, with participation from the Ethereum Foundation, Fusion (under IPOR), Altitude, Liquity, LI.FI, and over 30 founders and contributors, including Anthony Sassano, founder of Daily Gwei. The project is a permissionless on-chain yield protocol whose core product is the interest-bearing reserve asset pETH, alongside USDp and GOLDp, aiming to provide native yield for any on-chain asset.
Polaris Completes a $1M Angel Round Led by the Ethereum Foundation and Over 30 Founders
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Summary
Polaris has closed a $1 million angel round led by the Ethereum Foundation and Ethereum ecosystem news participants. Investors include Fusion (IPOR), Altitude, Liquity, LI.FI, and over 30 founders, including Anthony Sassano of Daily Gwei. The permissionless on-chain yield protocol offers pETH, USDp, and GOLDp to generate native yield for on-chain assets.
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