Saturday, May 21, 2022
Home Press Release DeFi Platform Oasis.app Raises $6M USD in Series A Round

DeFi Platform Oasis.app Raises $6M USD in Series A Round

- Advertisement -
Follow-Us-On-Google-News

-, -, 14th April, 2022, Chainwire

Oasis.app, the platform enabling DeFi users to borrow and multiply their exposure to cryptocurrencies, as well as earn on their assets, has raised $6 million in funding during a Series A funding round led by Libertus Capital. Other investors, including Road Capital and high profile angels in the DeFi space also contributed to the funding round. The $6 million in funding was received in both cash and crypto. 

This funding follows the project’s initial seed round of $5M from UDHC Finance back in June 2021 when Oasis was taken out of the Maker Foundation as part of it’s dissolution.  

The Oasis.app team will utilize this latest funding to further develop their product offering, expand their team, and improve their brand identity. 

“We’re excited to partner with the Oasis team as they continue to build out products and tools that enable DeFi users to seamlessly and safely deploy their capital.  The Oasis team has so far built the no. 1 DeFi app to interact with the Maker Protocol. With this funding, we look forward to them bringing their world class smart contract and security expertise into the broader DeFi ecosystem”, said Libertus.

“It’s been an incredible journey so far. We’re proving our vision of becoming the most trusted place in DeFi to deploy and manage capital. This latest funding allows Oasis.app to scale the features our community will be looking for next. As a team we are humbled to be working with such incredible investors who are already taking us forward with their experience of this space. 

This is a big-time for DeFi as users are not only seeing the potential but finding the tech to access it. It’s still early days for DeFi and we are excited to be driving the next phase of adoption.” Chris Bradbury, Oasis.app CEO 

About Oasis.app

Oasis.app is a platform for decentralized finance. This platform can be used to swap tokens, borrow Dai against your favorite cryptocurrencies or increase your exposure against them — all in one place. Recently, the Traded Volume on the Multiply feature passed $1 Billion, after just 6 months from its release. The Oasis.app mission is to provide the most secure, trusted entry point to deploy your capital in DeFi. The team is made of passionate thinkers and builders driven to create a better user experience for all while being able to maximize returns. 

For more information visit https://oasis.app.

Contacts

Marketing Lead

- Advertisement -

Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Can Pac-Man Frog (PAC) Outperform ApeCoin (APE) And Theta Network (THETA)?

Cryptocurrencies are all anyone has been able to talk about for the past couple of years. They are an innovative way of thinking about...

Secure DeFi Protocols: Calyx Token (CLX), Chainlink (LINK), and Aave (AAVE)

An ongoing prevalence of hacks, attacks, and exploits within the cryptocurrency space highlights the importance of verifying the security and integrity of a protocol...

Beware of Malicious Proposals, Terra (LUNA) Team Says No Dapps Launched on Terra 2.0 

Terra Team Warns Community to Beware of Malicious Proposals, Says No Decentralized Application Has Launched on Terra 2.0. ...

CZ On Terra (LUNA): “Most Stupid Design Flaw Is Thinking Minting More Of An Asset Will Increase Total Value”

  Binance CEO: Terra Had The Chance To Save Luna And UST When The De-peg Was At 5% But They Failed To Act.

Ethereum Co-Founder Vitalik Buterin Says He Is No Longer A Billionaire

The Ethereum exec was also affected by last week’s cryptocurrency dip that wreaked havoc on investors.  window.coinzilla_display...

Market Pundit: UST And Terra (Luna) Collapse Is NOT An Indication That Crypto Market Is Ending

  Crypto Market Is Not Ending Because Of Terra. window.coinzilla_display = window.coinzilla_display || ; var...

Another Top American Exchange Halting Terra USD (UST) Trading After Coinbase

Gemini follows Coinbase to halt UST trading. window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.