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Istanbul, Türkiye, December 9, 2024 – Nabla Finance, a decentralized finance (DeFi) protocol using its innovative Automated Market Maker (AMM), announced the successful completion of its final token sale. The sale reached its $300,000 target in less than a minute, with a fully diluted valuation (FDV) of $6 million. Conducted at Fjord Foundry, the sale saw participation from around 250 people, 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 p.m. UTC.
Commitment to providing efficient swap liquidity
Since its inception, Nabla Finance has consistently set benchmarks in the DeFi sector. Earlier this year, the protocol successfully completed three funding rounds, raising over $750,000 at gradually 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 pools within a narrow range of basis points around the fair market price.
Redefining liquidity with simplicity and security
Nabla Finance’s innovative approach to liquidity provisioning sets it apart from other DeFi protocols. Its one-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 with other DeFi platforms, creating new opportunities for growth and participation.
Additionally, the protocol integrates 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 relative to rebalancing (LVR) of more than 95%. To further ensure user trust, Nabla includes a built-in insurance mechanism, the Backstop Pool, which protects against unforeseen risks, making the platform a safe and reliable choice in the volatile DeFi ecosystem.
Innovate in DeFi performance
In 2024, Nabla Finance has further consolidated its position as a leader in DeFi innovation. The public Mainnet Alpha, launched on Arbitrum and Base in November, follows three months of private testing, demonstrating the protocol’s readiness and advanced capabilities. By integrating real-time price feeds from Pyth Network, Nabla ensures accurate pricing of assets, maintains fair market value in its pools, and facilitates on-chain arbitrage opportunities.
With the public sale now complete, Nabla Finance is now focusing on the launch of its liquidity pools on Monday December 9, 2024.
The protocol’s next goal is to expand its ecosystem through integrations with aggregators and decentralized exchange (DEX) solvers, with the aim of helping with transaction volume and APRs. Additionally, Nabla plans to introduce new pools for ETH derivatives, stablecoins, forex, and even blue-chip memecoins.
About Nabla Finance
Nabla Finance is a cutting-edge decentralized financial protocol that revolutionizes potential yield generation through its efficient AMM technology. Known for its innovation in unilateral 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
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Contact
Gökhan Seckin
(email protected)
