Omega Secures $6M in Funding to Unlock Bitcoin’s DeFi Potential

Omega raises $6M to help Bitcoin holders earn yield in DeFi. Platform launch in 60 days.
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In order to provide Bitcoin owners with yield farming prospects, the DeFi platform Omega has raised $6 million. This opens up a new phase for testing interoperability with other cryptocurrencies and DeFi ecosystems.

Among the investors in this funding round were Lightspeed Faction, Blockchain.com, and Bankless Ventures. Omega intends to use the money it raised to create a platform that enables users to collateralize their Bitcoins in order to earn income directly from their Bitcoin investments.

This is due to the fact that Omega’s probe bit is set to drop during the next sixty days, revolutionizing the use of Bitcoin as demonstrated by DeFi.

Wes Coan, CEO of Omega, stated in a statement, “We’re thrilled to have the backing of our respected investment partners.””With the help of this financial and advisory support, we can continue to pursue our goal of growing Bitcoin DeFi.”

Omega is certain to drive widespread acceptance in the upcoming months, providing investors in Bitcoin with a variety of chances.

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