Omega has announced the successful completion of $6 million in funding, solidifying its position as a pioneer in bringing native Bitcoin to the DeFi ecosystem. And this funding was secured through three rounds of investment with participation from Lightspeed Faction, Borderless Capital and Wormhole Cross-Chain Ecosystem Fund (operated by Borderless Capital), Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures, MH Ventures, and others.
The funding round will be leveraged to launch the first decentralized infrastructure that enables Bitcoin holders to utilize the value of their Layer 1 Bitcoin for yield generation. And Omega expects to launch its public beta within the next 60 days.
KEY QUOTES:
”We are excited to announce our funding from our esteemed investment partners. This funding will allow Omega to continue our mission to push the boundaries of Bitcoin DeFi.”
- Wes Cowan, Co-Founder and CEO of Omega
”We are thrilled to be part of Omega’s funding round. Their forward-thinking approach to revolutionizing Bitcoin utility within the DeFi ecosystem aligns with our vision for the future of decentralized finance. Omega’s commitment to innovation makes this investment an exciting opportunity for us to be part of another giant leap in what is possible for Bitcoin.”
- David Hoffman, General Partner of Bankless Ventures
”Omega’s innovative protocol for Bitcoin yield generation caught our attention for its unique value proposition. This funding signifies not only a strong endorsement from the investment community but also a belief in the team’s ability to forge new paths in the burgeoning DeFi economy. We look forward to witnessing the impact of this strategic investment on Omega’s continued success.”
- Phillipe Bekhazi, CEO of XBTO
”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.”
- Eric Ryklin, Co-Founder and COO of Omega
