Cosmos-Based DeFi Protocol Onomy Closed $10 Million Funding Round with Bitfinex and Others

Cosmos-based DeFi protocol Onomy closed a $10 million funding round from Bitfinex, GSR, Ava Labs and others. The funds raised will be used to continue to strengthen the protocol and expand the team.

Onomy aims to converge DeFi and forex markets. Its offerings include a Layer 1 blockchain network and a blockchain bridge, as well as a decentralized exchange called Onex and a non-custodial mobile wallet.