Nabla Finance Completes Token Sale, Achieves $300K Target

Dec 9, 2024 at 11:19 PM
In Istanbul, Turkey, on December 9th, 2024, Nabla Finance, a pioneering decentralized finance (DeFi) protocol with its innovative automated market maker (AMM), proudly announced the successful conclusion of its final token sale. Remarkably, this sale achieved its $300,000 goal within just one minute, resulting in a fully diluted valuation (FDV) of $6 million. Conducted on Fjord Foundry, it witnessed the participation of approximately 250 individuals, with 87 buyers securing token allocations.

Building on Success: Preparing for Liquidity Pool Launch

After the completion of its recent token sale, Nabla Finance is gearing up to launch its $NABLA-$WETH liquidity pool on Aerodrome. Scheduled for Monday, December 9 at 5 PM UTC, this is an exciting next step in the protocol's journey.

Commitment to Efficient Swap Liquidity

Since its establishment, Nabla Finance has been setting benchmarks in the DeFi sector. Earlier this year, it completed three successful funding rounds, raising over $750,000 at progressively increasing FDVs of $6 million, $10 million, and $20 million. In November 2024, following three months of private testing, Nabla launched its public Mainnet Alpha on Arbitrum and Base.The efficient AMM designed by Nabla is focused on delivering capital efficiency. It achieves up to 5 times the daily swap volume per total value locked (TVL). This is achieved by automatically concentrating liquidity 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 distinguishes it from other DeFi protocols. Its single-sided pools enable users to deposit assets without being exposed to different asset prices or market-making risks. Participants receive tokens that can be seamlessly integrated into other DeFi platforms, opening up new growth and participation opportunities.Moreover, the protocol incorporates a robust pricing system that utilizes high-frequency oracles, volatility protection mechanisms, and custom slippage curves. This helps mitigate risks such as impermanent loss (IL) and loss-versus-rebalancing (LVR) by over 95%. To further instill 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 strengthened its position as a leader in DeFi innovation. The public Mainnet Alpha, launched on Arbitrum and Base in November after three months of private testing, demonstrated 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 completed, Nabla Finance's attention turns to the launch of its liquidity pools on Monday, December 9, 2024. The protocol's next goal is to expand its ecosystem through integrations with decentralized exchange (DEX) aggregators and solvers, aiming to enhance trading volume and APRs. Additionally, Nabla plans to introduce new pooling hubs for ETH derivatives, stablecoins, forex, and even blue-chip memecoins.About Nabla FinanceNabla Finance is a cutting-edge decentralized finance protocol that is revolutionizing potential yield generation with its efficient AMM technology. Renowned 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/nablafiX: x.com/nablafiMail: [email protected]ContactGökhan Seckin [email protected]