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Project Overview
Polaris is a triple-engine stablecoin protocol built to solve the stablecoin “Yield Trap”. By monetizing pETH volatility via a bonding curve, conversion mechanics, and CDP architecture, Polaris generates uncorrelated yield that scales as the system grows without counterparty or credit risk.
Related news
Polaris completes $1 million angel round, with participation from the Ethereum Foundation and 30+ founders and contributors
Polaris has announced the completion of a $1 million angel round, with participation from institutions including the Ethereum Foundation, Fusion (under IPOR), Altitude, Liquity, LI.FI, as well as more than 30 founders and contributors such as Daily Gwei founder Anthony Sassano. The project is a permissionless on-chain yield protocol whose core product is the interest-bearing reserve asset pETH, alongside USDp and GOLDp, designed to provide native yield for any on-chain asset.
Core Scientific acquires Bitcoin mining firm Polaris for $421 million to expand AI data center
Core Scientific has announced the acquisition of Oklahoma-based Bitcoin mining company Polaris DS LLC for $421 million. Through this acquisition, Core Scientific will obtain Polaris's 440-megawatt contracted power agreement with Oklahoma Gas & Electric, aiming to rapidly expand its AI business. The transaction is expected to close in the third quarter of 2026.Currently, Core Scientific is renovating and expanding its existing mining sites in Texas, Georgia, North Carolina, and Oklahoma to support high-density hosting services for AI and compute-intensive workloads. The company has already begun construction of a new 82.5-megawatt facility in Muskogee, with plans to eventually provide 1 gigawatt of leasable power at the site.