Impossible Finance Names OpenSwap as First Project for DeFi Launchpad

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.
Read more: Money Reimagined: Can DeFi Stay Decentralized?