Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Markuri33 on June 03, 2021, 07:47:49 PM

Title: Y Combinator of DeFi' Project Impossible Finance Raises $7M
Post by: Markuri33 on June 03, 2021, 07:47:49 PM

Despite raking in $7 million from various notable investors, Impossible Finance still has to convince users that building on Binance Smart Chain is safe. New decentralized finance (DeFi) protocol Impossible Finance completed a seed round, raising over $7 million, co-led by True Ventures, CMS Holdings, Alameda Research, and Hashed. Launched on April 9, Impossible Finance is built on the Binance Smart Chain (BSC) but has plans to go multi-chain by expanding onto Ethereum and Polygon. Calvin Chu, developer at Impossible Finance and formerly of Binance Research, told Decrypt that the protocol’s livepaper had received 400 edits from “the top builders and investors in this space,” and it’s that collaborative spirit that the project’s hoping to instill as it incubates future DeFi projects off its launchpad.source (https://decrypt.co/72625/y-combinator-defi-project-impossible-finance-raises-7m)

Title: Re: Y Combinator of DeFi' Project Impossible Finance Raises $7M
Post by: Sumaiya2 on June 07, 2021, 05:10:59 PM

This Defi project looks very interesting. I am interested, and I will support this project until it is successful according to the plan that has been set