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Impossible Finance Names OpenSwap as First Project for DeFi Launchpad
The OpenSwap platform allows users to access liquidity pools from different blockchains.
Updated Sep 14, 2021, 1:41 p.m. Published Aug 18, 2021, 3:00 p.m.
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.
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- 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.
Read more: Money Reimagined: Can DeFi Stay Decentralized?
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