Nabla Finance Concludes Token Sale, Raising $300,000
Istanbul, Turkey, December 9th, 2024
Nabla Finance, a decentralized finance (DeFi) protocol utilizing its innovative automated market maker (AMM), has announced the successful completion of its final token sale. The sale achieved its $300,000 target in less than one minute, with a fully diluted valuation (FDV) of $6 million. Conducted on Fjord Foundry, the sale saw participation from approximately 250 individuals, with 87 buyers securing token allocations.
Building on the completion of its recent token sale, Nabla Finance is preparing to launch its $NABLA-$WETH liquidity pool on Aerodrome, scheduled for Monday, December 9 at 5 PM UTC.
Commitment to Delivering Efficient Swap liquidity
Since its inception, Nabla Finance has consistently set benchmarks in the DeFi sector. Earlier this year, the protocol completed three successful funding rounds, raising over $750,000 at progressively increasing fully diluted valuations (FDV) of $6 million, $10 million, and $20 million. In November 2024, Nabla launched its public Mainnet Alpha on Arbitrum and Base after three months of private testing.
Nabla’s efficient automated market maker (AMM) is designed to deliver capital efficiency, achieving up to 5x daily swap volume per total value locked (TVL). To achieve this, the platform automatically concentrates liquidity in the pools within a narrow range of basis points around the market-fair price.
Redefining Liquidity with Simplicity and Security
Nabla Finance’s innovative approach to liquidity provisioning sets it apart from other DeFi protocols. Its single-sided pools allow users to deposit assets without exposure to different asset prices or market-making risks. Participants receive tokens, which can be seamlessly integrated into other DeFi platforms, creating new opportunities for growth and participation.
Additionally, the protocol incorporates a robust pricing system that leverages high-frequency oracles, volatility protection mechanisms, and custom slippage curves to mitigate risks such as impermanent loss (IL) and loss-versus-rebalancing (LVR) by over 95%. To further ensure user confidence, Nabla includes a built-in insurance mechanism, the Backstop Pool, which safeguards against unforeseen risks, making the platform a secure and reliable choice in the volatile DeFi ecosystem.
Breaking New Ground in DeFi Performance
In 2024, Nabla Finance further solidified its position as a leader in DeFi innovation. The public Mainnet Alpha, launched on Arbitrum and Base in November, followed three months of private testing, showcasing the protocol’s readiness and advanced capabilities. By integrating Pyth Network’s real-time price feeds, Nabla ensures precise asset pricing, maintains fair market value across its pools, and facilitates on-chain arbitrage opportunities.
With the public sale now complete, Nabla Finance’s focus shifts to the launch of its liquidity pools on Monday, December 9, 2024.
The protocol’s next objective is to expand its ecosystem through integrations with decentralized exchange (DEX) aggregators and solvers, aiming to assist with trading volume and APRs. Additionally, Nabla plans to introduce new pooling hubs for ETH derivatives, stablecoins, forex, and even blue-chip memecoins.
About Nabla Finance
Nabla Finance is a cutting-edge decentralized finance protocol revolutionizing potential yield generation with its efficient AMM technology. Known for its innovation in single-sided liquidity provisioning, risk mitigation, and capital efficiency, Nabla consistently ranks among the top protocols for sustainable and secure DeFi solutions. The protocol supports a wide range of assets, including WBTC, WETH, cbBT,C and ARB, driving growth and adoption across the ecosystem.
Telegram: t.me/nablafi
Mail: support@nabla.fi