PANews reported on June 29 that CICADA Finance announced the completion of its Fair Launch, achieving over $18 million in oversubscription, becoming the first DeFi financing case based on USD1, committed to building a leading platform for protocol asset management and stablecoin application expansion. In collaboration with Metalpha, they provide technical support to launch a non-collateral leveraged new token mechanism, allowing all participants to join at the same valuation and freely choose their funding plan. Participating institutions include CLabs, Comma3, Eureka, FBG, Kronos, MetaEra, PEER.VC, RaveDAO, SNZ, Stratified, Taihill, Waterdrip, and dozens of others.
CICADA Finance, the first DeFi project to use USD1 to complete over-raising of US$18 million, set off a market boom
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