Huo Xing Finance reports that the permissionless on-chain yield protocol Polaris has completed a $1 million angel round, with participation from institutions including the Ethereum Foundation, Fusion (under IPOR), Altitude, Liquity, LI.FI, and over 30 founders and contributors such as Anthony Sassano, founder of Daily Gwei. Polaris’s flagship product is pETH, a yield-bearing reserve asset, alongside USDp and GOLDp, aiming to provide native yield to any on-chain asset.
Polaris Completes a $1M Angel Round Led by the Ethereum Foundation and Fusion
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Summary
Polaris, a permissionless on-chain yield protocol, has closed a $1 million angel round led by the Ethereum Foundation and Fusion (under IPOR). Investors include Altitude, Liquity, LI.FI, and over 30 founders, including Anthony Sassano of Daily Gwei. The project’s core product is yield-bearing pETH, with USDp and GOLDp also in its portfolio. Polaris aims to provide native yield for any on-chain asset. This on-chain development marks a key milestone in Ethereum news.
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