Oasis.app has raised $6 million in a Series A funding round led by Libertus Capital. Oasis.app, a platform that allows DeFi users to borrow and multiply their exposure to cryptocurrencies and with that they earn on interest on their assets, There are other investors in the funding round including Road Capital and high-profile angels in the DeFi space. The $6 million in funding came in both cash and cryptocurrency.
These funds were raised after the project received a $5 million seed round from UDHC Finance in June 2021, when Oasis was eliminated from the Maker Foundation as part of its dissolution.
The Oasis.app team will take the help of the latest funding to increase their team, develop their product offering, and upgrade 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 team member.
This is a great deal for DeFi because users are not only seeing the strength but also searching the technology to access it. DeFi is still in its early stages, and we are excited to be driving the next phase of adoption.” Chris Bradbury, CEO of Oasis.app.
