Polaris Secures Angel Funding Amid DeFi Bear Market

Polaris has closed its angel funding round, according to founder Robert Mullins, who described the process as one of the toughest fundraising environments in the current DeFi bear market.

Mullins thanked a group of early supporters for their backing, including Sassal and others whose names were not disclosed. The specific round size, valuation, and investor list remain unknown.

Polaris aims to bring native yield to any on-chain asset and introduce a new form of yield-bearing Ethereum that targets better risk-adjusted returns in DeFi.