According to CoinMeta, Polaris announced the completion of a $1 million angel round of financing. Investors included the Ethereum Foundation, Fusion, Altitude, Liquity, Li.fi and other institutions, as well as over 30 founders and contributors such as Anthony Sassano. Polaris is a permissionless on-chain revenue protocol, with its core product being the interest-bearing reserve asset PETH. It also includes USDP and GOLDP, aiming to provide native earnings for any assets on the chain.