Impossible Finance resolved the issue affecting its domain, and its site at impossible.finance is now fully accessible again. The team said everything is operating normally, reiterating that user funds remained safe onchain throughout the incident.
Impossible Finance's CURATED platform released vaults that put stock exposure (NVDA, AAPL, GOOGL, META) to work, promoted alongside a limited-time offer of an extra 10% APR in USDC and 20% Fusion Points for deposits made through @curated_hq. The vaults use infrastructure from IPOR and a Fusion strategy from 628Labs.
Impossible Finance promoted the launch of Suby v3, a payments platform supporting cards, Apple Pay, Google Pay, Klarna, crypto, and stablecoins, enabling users to get paid from anywhere and cash out. The announcement was made via a retweet on Impossible's X account, framing Suby as a broad, multi-rail payment service launched alongside its (presumably Web3) tools.
The Liquity ETH Carry Vault run by Impossible Finance on CURATED raised its deposit cap a third time, from 4,000 to 6,000 WETH, and is open for deposits. The relayed update confirms continued demand for the vault, which carries ETH against Liquity positions.
Impossible Finance is supporting @RaphaelExchange as a launch partner on Robinhood Chain, beginning with liquidity in select Raphael pools and planning to scale participation as the ecosystem grows.
Rarible announced that IMPOSSIBLE (formerly Impossible Finance) acquired the Rarible brand and key platform assets, including the RaribleX storefront infrastructure, marking IMPOSSIBLE's first merger/acquisition; the RARI Foundation and RARI token remain independent.
Impossible Finance conducted its first token sale for the IDIA (Impossible Decentralized Incubator Access) governance token, with subscription opening Aug 17, 2021 and claiming on Aug 18, 2021, marking the launch of its decentralized launchpad.
Impossible Finance announced a ~$7M seed raise from over 125 investors, co-led by True Ventures, CMS Holdings, Alameda Research and Hashed, with plans to launch an AMM-based multi-chain DeFi ecosystem starting on Binance Smart Chain. Founder Calvin Chu previously worked on Binance Launchpad/Binance Research.
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