DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market

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Investors are still pouring millions into the DeFi space regardless of messy market conditions.

has proven itself to be a builders market as investments continue to find projects with promise.

Onomy, a Cosmos blockchain-based ecosystem, just secured million from investors for the development of its new protocol. The project mergesAccording to the developers, the latest funding round garnered $10 million from big industry players such as Bitfinex, Ava Labs, the Maker Foundation and CMS Holdings among others.

Lalo Bazzi, co-founder of Onomy, says the underlying goal of building a decentralized autonomous organization with a public infrastructure should serve the “core tenant of crypto - self-custody - without sacrificing on the user experience." Both DeFi and self-custody have been hot topics in the crypto community due to the FTX liquidity-bankruptcy scandal. Some experts have said that one of the major lessons to take away from the situation is

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

OnomyProtocol I did not write my onomy wallet address in the relevant place on discord. Because I didn't know. Was this necessary? Because I traded a lot and I don't want it to go to waste. Isn't there any other way? Please...

OnomyProtocol Great notice

onomy1q70cr3avhsqwyrklmdmfeg9mxngv8858yzwuuv

Good for them I’m gonna stay with USDT

See you there… ☝🏻Talesof Satoshi WeAreSatoshi brothers and sisters in Tsuka waiting for us 🙏🏻

The one which is going to survive during bear market is going to sky rocket

👀

It's because they have faith in the future of DeFi

As the market matures, fewer investors are going to be shaken by scams like FTXScam .. no doubt there would be a dip in overall investment, but the market will soon learn from its previous mistakes. That's the way to go!

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 562. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين