CICADA Finance, the first DeFi project to use USD1 to complete over-raising of US$18 million, set off a market boom
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币界网报道：According to the news on June 29, CICADA Finance announced the completion of Fair Launch, achieving an oversubscription of 18 million US dollars, becoming the first DeFi financing case based on USD1, and committed to building a leading platform for protocol asset management and stablecoin application expansion. In conjunction with Metalpha, CICADA Finance provided technical support to launch a new mechanism for uncollateralized leverage, allowing all participants to participate at the same valuation and choose the financing plan independently. Participating institutions include CLabs, Comma3, Eureka, FBG, Kronos, MetaEra, PEER.VC, RaveDAO, SNZ, Stratified, Taihill, Waterdrip and dozens of others.
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