Impossible Finance Designates Openswap as Its Flagship Project

  • Through the platform, users will be able to access liquidity funds from different blockchains.

Decentralized finance (DeFi) protocol Impossible Finance confirmed that OpenSwap is the first project it will feature on its recently revealed DeFi Launchpad.

According to Nasdaq, the multi-chain incubator, launch and exchange platform revealed their ambitious plan as the first on their platform.

Impossible Finance experienced a $7 million increase in June from institutional investors such as Alameda Research and CMS Holdings, among others.

OpenSwap, which operates as an integrated DeFi incubator center, was created to allow users to access liquidity funds from different blockchains.

“OpenSwap is a Blessing”

Speaking about the deal with OpenSwap, Impossible Finance central builder and board member Calvin Chu commented,

"OpenSwap is a boon for DeFi traders as it allows them access to the best pricing and multiple liquidity aggregation capabilities that are at the forefront of the industry."

He added,

"We are delighted to support the talented team at OpenSwap and show what they have to offer through our multi-chain launch pad."

OpenSwap recently managed to raise around $1 million during a strategic funding round. Investment firms such as BR Capital, Coin98 Ventures, NGC Ventures and Prime Block and other venture capital funds participated in the process.

Top-Notch Projects for Specific Users

The fundamental objective of OpenSwap is to offer training to Impossible Finance clients so that they become familiar with zero slip operations and can make more informed decisions.

The Impossible platform provides access to a robust ecosystem that is primarily product-centric. Additionally, it has the quality of introducing top-level blockchain projects aimed at specific groups of users.

The protocol, launched in May on Binance Smart Chain, plans the construction of a network for betting.

On The Flipside

  • Users will soon see if “Impossible is redefining the Launchpad experience” and has achieved a “seamless and seamless decentralization”, as promised.

Why You Should Care?

OpenSwap will provide DeFi traders with a single location for access to liquidity funds from multiple blockchains.


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    This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

    Santiago Contreras

    Santiago is a Venezuelan blockchain reporter specializing in economic and financial issues, with special emphasis on stablecoin trading as well as political and regulatory issues related to Latin America. Every day he reviews and analyzes movements in the crypto market to offer readers first-hand information that can help them make sound decisions in the exciting world of crypto.