2024-02-09 17:30:10
MIAMI, Aug. 12, 2021 /PRNewswire/ — Allows Bitcoin holders to leverage the value of their Layer 1 Bitcoins to generate returns.
Omega has closed a $6 million funding round, reaching a major milestone in its quest to integrate native Bitcoin into the decentralized finance (DeFi) landscape. This significant funding injection came across three investment rounds with contributions from an impressive range of participants including Lightspeed Faction, Borderless Capital, Wormhole Cross-Chain Ecosystem Fund (operated by Borderless Capital), Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures and MH Ventures, among others.
These funds are earmarked for the development and launch of a groundbreaking decentralized platform designed to enable Bitcoin owners to unlock the return potential of their Layer 1 Bitcoin assets. With plans to release its public beta in the next 60 days, Omega is on track to redefine the utility of Bitcoin within the DeFi ecosystem and provide unprecedented yield generation opportunities.
“We are thrilled to have the support of our respected investment partners,” said Wes Cowan, co-founder and CEO of Omega. “This financial and advisory support allows us to further advance our ambition to expand the horizons of Bitcoin DeFi.”
“We are excited to be part of Omega’s journey as they pave the way for unlocking Bitcoin’s true potential in DeFi. This investment underscores our belief in the Omega team and their vision to revolutionize yield generation for Bitcoin holders, and we are excited regarding the impact of their work on the future of decentralized finance,” shared Aly Madhavji, Managing Partner Blockchain Founders Fund.
Eric Ryklin, co-founder and COO of Omega, expressed his deep pride in the team’s unwavering commitment and creative innovation. “This funding success validates our mission to revolutionize the DeFi space,” he said. “We are now ready to launch our public beta, an important step to support Bitcoin investors and significant advancements in the Bitcoin DeFi arena to move forward.”
Omega is committed to driving the next wave of advancements in Bitcoin DeFi, and this funding milestone positions the project for significant adoption in the coming months.
Information regarding Omega
OMEGA.xyz is a Web3 infrastructure provider that enables collateralizing unused Bitcoins for yield generation in DeFi.
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Contact:
please contact Jonathan Duran at (310) 260-7901 or Jonathan@Melrosepr.com
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