ME News reports that on September 4 (UTC+8), the permissionless on-chain yield protocol Polaris 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 for any on-chain asset. (Source: ChainCatcher)
Polaris Secures $1M in Angel Funding for On-Chain Yield Protocol
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Summary
Polaris, a permissionless on-chain yield protocol, has closed a $1 million angel funding round on September 4 (UTC+8), according to on-chain news from MetaEra. Investors include the Ethereum Foundation, Fusion (IPOR), Altitude, Liquity, and LI.FI. Over 30 founders and contributors also participated, including Anthony Sassano from Daily Gwei. The protocol offers native yield for on-chain assets, with core products such as pETH, USDp, and GOLDp.
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