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Cosmos-Based DeFi Protocol Onomy Raises $10 Million: Exclusive

Onomy, a Cosmos-based decentralized finance protocol, has raised $10 million in a private token funding round.

The round was backed by investors including Bitfinex, GSR, Ava Labs, CMS Holdings and DWF Labs, Onomy said Wednesday, adding that there was no specific lead investor in the round. The funding was secured via a simple agreement for future tokens (SAFT), Onomy Co-founder Lalo Bazzi told The Block.

(By Yogita Khatri)

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