The first DeFi project CICADA Finance to achieve a $18 million oversubscription using USD1 has ignited the market.

PANews, June 29 - CICADA Finance announced the completion of its Fair Launch, raising over $18 million, becoming the first DeFi funding case based on USD1, and aiming to create a leading platform for protocol asset management and stablecoin application expansion. In collaboration with Metalpha, it provides technical support to launch a no-stake leveraged new mechanism, allowing all participants to engage at the same valuation and choose their own financing plans. Participating institutions include CLabs, Comma3, Eureka, FBG, Kronos, MetaEra, PEER.VC, RaveDAO, SNZ, Stratified, Taihill, Waterdrip, and dozens of others.