June 28, 2024
Pac Finance, known as the Blast eco-DeFi lending agreement, has made public a multi-million dollar funding round. This round is spearheaded by Manifold and Mapleblock, with Polychain securing a partial stake and numerous angel investors also contributing.
Project | Latest Raise Date | Stage | Lead Investor | Category |
---|---|---|---|---|
Pac Finance | June 28, 2024 | Strategic | Manifold, Mapleblock | DeFi |
Pac Finance has stated that the newly acquired funds will be channeled towards the further development of the agreement. This includes expanding their market reach, growing their team, covering operational expenses, and driving product development and innovation.
Furthermore, Pac Finance is on the verge of releasing details concerning the Pac Token Airdrop as the TGE draws near.
The capital raised will be directed towards the continued development of Pac Finance. This encompasses market expansion, team augmentation, operational costs, and product development and innovation. As the TGE of Pac Finance nears, details of the Pac token airdrop will be disclosed shortly.
About Pac Finance
Pac Finance is a pioneering self-paying lending and margin trading protocol built on Blast L2. It features dual automatic compounding and one-click leverage. The platform is designed to be an all-encompassing application for web3.
The unique aspect of Pac Finance is its self-paying feature, which is a first in the industry. This feature, combined with the platform’s margin trading capabilities, provides users with a comprehensive financial solution. The protocol is built on Blast L2, which ensures fast and efficient transactions. Furthermore, Pac Finance offers dual automatic compounding, which can potentially increase the returns for users. The platform also provides a one-click leverage feature, simplifying the process of taking on leverage for trades.
Website: https://pac.finance/
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About Investor
This round is spearheaded by Manifold and Mapleblock, with Polychain securing a partial stake and numerous angel investors also contributing.
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A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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