Investors are still pouring millions into the DeFi space regardless of messy market conditions.
has proven itself to be a builders market as investments continue to find projects with promise.
Onomy, a Cosmos blockchain-based ecosystem, just secured million from investors for the development of its new protocol. The project mergesAccording to the developers, the latest funding round garnered $10 million from big industry players such as Bitfinex, Ava Labs, the Maker Foundation and CMS Holdings among others.
Lalo Bazzi, co-founder of Onomy, says the underlying goal of building a decentralized autonomous organization with a public infrastructure should serve the “core tenant of crypto - self-custody - without sacrificing on the user experience." Both DeFi and self-custody have been hot topics in the crypto community due to the FTX liquidity-bankruptcy scandal. Some experts have said that one of the major lessons to take away from the situation is
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