AWAKE Completes First Round of $100 Million ILO Target

AWAKE (LGNS) has announced the successful completion of the first round of its Initial Liquidity Offering (ILO) with a $100 million target. According to Odaily, the ILO, which is part of a dual-chain ecosystem plan, began on March 30 at 24:00 Singapore time (UTC+8) and involves a total of three rounds amounting to 2.2 billion DAI. The first round was conducted through the AnubisChain launch platform, CapybaraLaunch, and preparations for the second round are underway. The Awake DeFi protocol has been operational on the Polygon chain for over 750 days, with liquidity surpassing $232 million. Following the completion of the ILO, Awake plans to implement a dual-chain parallel development strategy while continuing its operations on the Polygon chain. Additionally, new contracts will be deployed on Anubis Chain as part of this strategy.