{"id":70509,"date":"2022-11-23T17:37:34","date_gmt":"2022-11-23T15:37:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70509"},"modified":"2025-09-08T02:40:43","modified_gmt":"2025-09-07T23:40:43","slug":"onomys-cosmos-based-defi-protocol-raises-10-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/onomys-cosmos-based-defi-protocol-raises-10-million\/","title":{"rendered":"Onomy&#8217;s Cosmos-based DeFi protocol raises $10 million"},"content":{"rendered":"<p>Developers of Onomy Protocol raised $10 million through the sale of <span data-descr=\\\"Simple Agreements for Future Tokens (\u00abSimple Agreements for Future Tokens\u00bb)\\\" class=\\\"old_tooltip\\\">SAFT<\/span>-contracts to Bitfinex, GSR, Ava Labs, CMS Holdings, DWF Labs and other investors. <a href=\\\"https:\/\/www.theblock.co\/post\/189476\/cosmos-based-defi-protocol-onomy-raises-10-million-exclusive\\\">The Block<\/a>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The project aims to converge DeFi and forex markets through <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-cross-chain-bridges\">cross-chain bridge<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-decentralised-exchange-dex\">DEX<\/a> and a non-custodial mobile wallet.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The funds raised will be directed toward expanding the team.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The protocol has been under development since December 2020.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>According to Onomy co-founder Lalo Batsi, the mainnet launch is expected in the coming days. In the testnet, 40,000 unique users have performed over 800,000 transactions.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>The products are built independently from one another to add support for other blockchains and protocols with which we collaborate \u2014 Polygon, Avalanche and IOTA. This ensures a seamless interface and user experience in the cross- and multi-chain world,<\/em> he explained.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Going forward, a conversion into<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-dao-decentralised-autonomous-organisation\"> a DAO<\/a> is expected through the issuance of its own NOM tokens.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier in September, Cosmos<a href=\"https:\/\/u1f987.com\/en\/news\/cosmos-developers-unveil-cosmos-hub-white-paper\"> developers presented a Cosmos Hub white paper<\/a> with new functionality.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier, the decentralized derivatives exchange dYdX<a href=\"https:\/\/u1f987.com\/en\/news\/dydx-to-launch-its-own-blockchain-in-the-cosmos-ecosystem\"> announced<\/a> the creation of its own network in the Cosmos ecosystem.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our Telegram \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Onomy Protocol developers raised $10 million through SAFT contract sales to Bitfinex, GSR, Ava Labs, CMS Holdings, DWF Labs and other investors. The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":70510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1173,1210,787],"class_list":["post-70509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cosmos-atom","tag-cross-chain-protocols","tag-dex"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=70509"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70509\/revisions"}],"predecessor-version":[{"id":70511,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70509\/revisions\/70511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70510"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}