Abel Finance is a cross-chain lending platform for cryptocurrency. It is built on the Aptos and Sui networks. Coins and non-fungible tokens (NFTs) are supported for lending, and it has official treasury insurance.
On December 4, 2022, Abel Finance launched on Aptos, allowing the public to interact with the platform. Assets that were available for lending at the launch of the platform included APT, zUSDT, whUSDT, zUSDC, and whUSDC. Wallets that are supported on the platform include Martian Wallet, Petra Wallet, and BitKeep Wallet.
On November 28, 2022, Abel Finance started its initial DEX offering (IDO). Its governance token, ABEL, was launched until December 8, 2022, with 10 percent of the 100 million coins being available to the public. 12,000,000 in total were initially sold on Aptos Network. The remainder is set to be released at a rate of 7.5% of the total supply each month for the next twelve months. Holders of the coin can gain proceeds from Abel Finance and use it to conduct governance voting. They are also whitelisted on IDO for the cooperation project.