Fixed-rate Income Protocol Sense Finance is Launching on Ethernet Mainnet by Next Week
Sense Finance, a fixed-rate income protocol, announced that it is launching on Ethereum mainnet by next week. It is reported that the protocol is conducting a Guarded Launch, meaning Sense will impose limited issuance caps and support only whitelisted protocols (stETH & cTokens). The launch will initially offer fixed-rate yield pools for ETH and USDC. The first supported assets are stETH and cUSDC at 1mo and 3mo series. In addition, Sense will deploy Fuse pools, allowing users to earn extra yield and unlocks leveraged liquidity within Sense's markets.
Previously, Sense Finance closed a $5.2 million seed funding round led by Dragonfly Capital in August 2021.