Blast Eco-Lending Protocol Pac Finance Closes Multi-Million Dollar Funding Round Led by Manifold and Mapleblock

Pac Finance, the Blast eco-DeFi lending agreement, has announced a multi-million dollar funding round led by Manifold and Mapleblock, with Polychain taking a partial stake and a number of angel investors participating.

According to Pac Finance, the new funding will be used to further develop the agreement, including market expansion, team expansion, operating expenses, product development and innovation.

In addition, Pac Finance will soon release details of the Pac Token Airdrop as the TGE approaches.

Also according to RootData, Web3's asset data platform, Pac Finance is a protocol for DeFi lending and borrowing on the Blast network that operates on a non-custodial, license-free principle. Core functionality includes lending, swap and pledging, and is designed to provide flexible and efficient services for a wide range of financial needs within the decentralized financial ecosystem.