Impossible Finance Names OpenSwap as First Project for DeFi Launchpad
The OpenSwap platform allows users to access liquidity pools from different blockchains.
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Impossible Finance, the decentralized finance (DeFi) incubator that raised $7 million in June, named OpenSwap as the first project to be featured on its DeFi launchpad.
- OpenSwap provides DeFi traders with a single location for accessing liquidity pools from multiple blockchains.
- Calvin Chu, Impossible Finance's core builder, described the platform as a "godsend" thanks to its aggregation facilities.
- Impossible Finance's seed funding round in June was led by institutional investors including CMS Holdings and Alameda Research.
- The protocol launched on Binance Smart Chain in May with the goals of building a network for staking, token swaps and access to liquidity pools as well as becoming an incubator for other projects.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
