Onomy

Cosmos-based DeFi protocol Onomy raised $10M in a private token funding round.

Bitfinex, GSR, Ava Labs, CMS Holdings and DWF Labs are among investors.Onomy Protocol is an interoperable Layer-1 ecosystem built to converge Forex and decentralized finance. Products include a methodical 3-stage rollout of an innovative multi-chain wallet, a DEX supporting an order book experience fused with AMM liquidity pools, and a stablecoin issuance protocol.The Onomy Network is an application-specific Layer 1 blockchain built using the CosmosSDK. It leverages the Inter-Blockchain Communication Protocol (IBC) to bridge with other Cosmos chains. Additionally, the Arc Hub integrates other blockchain ecosystems with Onomy as a hub to facilitate interconnectivity and a cohesive user experience across Onomy’s apps.NOM is used to secure the Onomy Network through Proof-of-Stake that provides rewards for staking NOM over time through delegation or becoming a validator for the Network.

Cosmos-based DeFi protocol Onomy raised $10M in a private token funding round.

Bitfinex, GSR, Ava Labs, CMS Holdings and DWF Labs are among investors.Onomy Protocol is an interoperable Layer-1 ecosystem built to converge Forex and decentralized finance. Products include a methodical 3-stage rollout of an innovative multi-chain wallet, a DEX supporting an order book experience fused with AMM liquidity pools, and a stablecoin issuance protocol.The Onomy Network is an application-specific Layer 1 blockchain built using the CosmosSDK. It leverages the Inter-Blockchain Communication Protocol (IBC) to bridge with other Cosmos chains. Additionally, the Arc Hub integrates other blockchain ecosystems with Onomy as a hub to facilitate interconnectivity and a cohesive user experience across Onomy’s apps.NOM is used to secure the Onomy Network through Proof-of-Stake that provides rewards for staking NOM over time through delegation or becoming a validator for the Network.

Cosmos-based DeFi protocol Onomy raised $10M in a private token funding round.

Bitfinex, GSR, Ava Labs, CMS Holdings and DWF Labs are among investors.Onomy Protocol is an interoperable Layer-1 ecosystem built to converge Forex and decentralized finance. Products include a methodical 3-stage rollout of an innovative multi-chain wallet, a DEX supporting an orderbook experience fused with AMM liquidity pools, and a stablecoin issuance protocol.The native coin of Onomy Protocol is $NOM. NOM is used to secure the network through staking, as collateral for the minting of Denoms through the Onomy Reserve (ORES), and for governance in the Onomy DAO.When NOM holders delegate their NOM to a validator, they are staking. Staking provides rewards in return for delegating to validators who support the security and operations of a blockchain network.

Cosmos-based DeFi protocol Onomy raised $10M in a private token funding round.

Bitfinex, GSR, Ava Labs, CMS Holdings and DWF Labs are among investors.Onomy Protocol is an interoperable Layer-1 ecosystem built to converge Forex and decentralized finance. Products include a methodical 3-stage rollout of an innovative multi-chain wallet, a DEX supporting an orderbook experience fused with AMM liquidity pools, and a stablecoin issuance protocol.The native coin of Onomy Protocol is $NOM. NOM is used to secure the network through staking, as collateral for the minting of Denoms through the Onomy Reserve (ORES), and for governance in the Onomy DAO.When NOM holders delegate their NOM to a validator, they are staking. Staking provides rewards in return for delegating to validators who support the security and operations of a blockchain network.

Easily mint, trade, and lend stablecoins cross-chain.

Easily mint, trade, and lend stablecoins cross-chain.