The on-chain yield protocol Polaris has completed a $1 million angel round of financing, with participation from the Ethereum Foundation and others

According to official news, the permissionless on-chain yield protocol Polaris has completed a $1 million angel round of financing, with participation from institutions such as the Ethereum Foundation, Fusion (under IPOR), Altitude, Liquity, LI.FI, and more than 30 founders and contributors including Daily Gwei founder Anthony Sassano.

Polaris's core product is the yield-bearing reserve asset pETH, and it also includes USDp and GOLDp, aiming to provide native yield for any on-chain asset.