Omega raises $6M to launch decentralized infrastructure for Bitcoin yield generation in DeFi
Web3 infrastructure provider Omega, based in Miami, has secured $6 million in funding from a range of investors including Lightspeed Faction, Borderless Capital and Blockchain.com. Led by CEO Wes Cowan and COO Eric Ryklin, Omega plans to launch the first decentralized infrastructure that enables Bitcoin holders to use the value of their Layer 1 Bitcoin for yield generation in DeFi. The company expects to launch its public beta within the next 60 days and sees the funding as a testament to its vision of reshaping the DeFi landscape. "Our focus now turns to delivering our public beta, which we believe will empower Bitcoin holders and significantly contribute to the evolution of Bitcoin DeFi," said Ryklin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Beam: 3 Reason’s Mpeppe Is Gaining Attention From BEAM and SUI investors
Beam (BEAM) Whales Migrate Into New Beam (BEAM) Rival Mpeppe Positioned To Skyrocket In 2024
Crypto Wallet Exodus Movement (EXOD) Partners with Major Hardware Manufacturer!
Exodus Movement has teamed up with Ledger, a leading hardware manufacturer, to launch a new crypto exchange aggregator.
According to JPMorgan Research Report, There Is a First in Bitcoin (BTC) Mining!
Bitcoin (BTC) mining earnings took a major dive in the first half of September, with the Bitcoin price remaining below $60,000.
Trending news
MoreCrypto prices
More
