Oasis app, a DeFi marketplace, has raised $6 million in a Series A round-headed by Libertus.
Oasis app, a network that allows DeFi users to loan, double their risk to bitcoin and earn on their investments, has acquired more the $6 million in a Series A fundraising phase headed by Libertus Capital. Other backers in the investment round included Road Capital and high-profile angels in the DeFi area. The $6 million in fundraising came in both cash and cryptocurrency. This investment comes after the project received a $5 million seed round from UDHC Finance in June 2021, when Oasis departed Maker Foundation as part of its dissolution. The Oasis app team plans to use the fresh money to further enhance its product offering, increase its personnel, and boost its brand identification. "We're delighted to work with the Oasis team as they keep developing tools and solutions that enable DeFi customers to release money easily and securely." So far, the Oasis team has created the best DeFi software for interacting with Maker Protocol. "We look forward to them integrating their world-class smart-contract and security knowledge into the larger DeFi ecosystem with this financing," stated a Libertus official. "It's been a fantastic adventure thus far." We're demonstrating our ambition of becoming the most trusted source of capital deployment and management in DeFi. This latest round of investment enables the Oasis app to grow the features that our community will be seeking in the future. We are delighted as a team to be collaborating with such fantastic sponsors who are already propelling us ahead with their expertise in this field. This is an exciting time for DeFi, as consumers are not only realising the potential but also discovering the technology to enable it. "DeFi is still in its early stages, and we are pleased to be pushing the next step of adoption," said Chris Bradbury, CEO of Oasis app. About Oasis
Oasis app is a DeFi marketplace that allows individuals to trade tokens, borrow Dai against their preferred cryptocurrency, and grow their exposures. Just six months following its deployment, trade activity on the project's Multiple features surpassed $1 billion. The objective of the Oasis app is to provide the safest and most trusted entry point for capital deployment in DeFi. The team is made up of enthusiastic thinkers and builders that are dedicated to providing a better user experience for everybody while maximising returns. Visit the oasis app for more details.
