According to ChainCatcher, Blast ecosystem DeFi lending protocol Pac Finance announced the completion of a million-dollar financing, led by Manifold and Mapleblock, with Polychain holding a partial stake and some angel investors participating.
Pac Finance said the new funds will be used for further development of the protocol, including market expansion, team expansion, operating expenses, product development and innovation.
In addition, as TGE approaches, Pac Finance will soon release the details of the Pac token airdrop.
According to Web3 asset data platform RootData, Pac Finance is a DeFi lending protocol on the Blast network that adopts non-custodial, permissionless operating principles. Core functions include lending, swapping, and staking, and are designed to provide flexible and efficient services for a wide range of financial needs within the decentralized financial ecosystem.
