FL-based Omega secures $6million in funding. Lightspeed Faction, Borderless Capital, and Wormhole Cross-Chain Ecosystem Fund (run by Borderless Capital) participated in the round.
XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures, MH Ventures, Wave Digital, Bankless Ventures, Blockchain.com, Blockchain Founders Fund, and others are among the investors.
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Omega is a Web3 infrastructure provider that facilitates the collateralization of idle bitcoin for yield production in DeFi. It is led by CEO Wes Cowan and COO Eric Ryklin.
The money will be used by the company to develop the first decentralized infrastructure that will allow Bitcoin owners to generate yield by using the value of their Layer 1 Bitcoin. Omega plans to open beta to the public in the next sixty days.
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Eric Ryklin said, “I am immensely proud of our team’s unwavering dedication and innovative spirit, Our funding rounds are not just a financial milestone, but a testament to our 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.”
About Omega
Through modular DeFi chances, Omega enables users to boost their yield in a decentralized and safe manner by leveraging cross-chain digital assets.
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