Onomy intends to integrate the DeFi and foreign exchange markets
Onomy, a Cosmos blockchain-based ecosystem, recently raised $10 million in funding for the development of its new protocol. Leading investors participated in the round. Bitfinex, the Maker Foundation, GSR, Ava Labs, CMS Holdings, and DWF Labs were among them. The round, however, did not have a specific lead investor.
The underlying goal of building a decentralised autonomous organisation with a public infrastructure, according to Onomy co-founder Lalo Bazzi, should serve the "core tenant of crypto — self-custody — without sacrificing the user experience."