BlockBeats news, on September 4, the permissionless on-chain yield protocol Polaris completed a $1 million angel round financing, with more than 30 founders and contributors including the Ethereum Foundation, Fusion (under IPOR), Altitude, Liquity, LI.FI, and Daily Gwei founder Anthony Sassano.

Polaris's core product is the yield-bearing reserve asset pETH, and its lineup also includes USDp and GOLDp, aiming to provide native yield for any on-chain asset.