Blast ecological lending protocol Pac Finance completes million-dollar financing, led by Manifold and Mapleblock.

ChainCatcher news, the Blast ecosystem DeFi lending protocol Pac Finance has announced the completion of a million-dollar financing round, led by Manifold and Mapleblock, with Polychain holding a stake and several angel investors participating.

Pac Finance stated that the new funding will be used for further development of the protocol, including market expansion, team growth, operational expenses, product development, and innovation.

Additionally, with the TGE approaching, Pac Finance is set to release details of the Pac token airdrop.

According to the Web3 asset data platform RootData, Pac Finance is a DeFi lending protocol on the Blast network that operates on a non-custodial and permissionless basis. Its core functions include lending, swapping, and staking, aiming to provide flexible and efficient services for a wide range of financial needs within the decentralized finance ecosystem.