DeFi Project Cosmos Network Attracts $10M

Reading Time: < 1 minute

Onomy Protocol has raised $10 million in the sale of SAFT contracts to Bitfinex, GSR, Ava Labs and other investors.

According to the project, its objective is to converge the DeFi and Forex markets through a cross-chain bridge, DEX and a non-custodial mobile wallet.

The company has reported it will use the funds to continue the expansion of its team.

According to the startup co-founder, the launch of the main network is expected “in the coming days.” On the testnet, 40,000 unique users made over 800,000 transactions.

He has explained:

“The products are built independently to add support for other blockchains and protocols we partner with – Polygon, Avalanche and IOTA. In this way, you can provide a seamless interface and interaction experience in the world of cross- and multi-chain.”

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!