OMEGA
Revolutionizing cross-margin DeFi with multi-asset collateral and yield farming
Dallas, United States · Founded 2023 · $6.0M raised
- Headquarters
- Dallas, Texas
- Founded
- 2023
- Business Model
- B2C
- Website
- omega.xyz
- Total Funding
- $6.0M
- Last Round
- $6.0M Venture RoundFeb 2024
- Rounds
- 1
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
OMEGA (omega.xyz) is a DeFi protocol and Web3 infrastructure provider founded in 2023 by Wes Cowan, headquartered in Dallas, Texas. The protocol enables users to maximize yield in decentralized finance by using a variety of digital assets—including native Bitcoin—as collateral to access up to 6x leverage for yield farming across the Mantle ecosystem. OMEGA raised $6 million in funding in early 2024 to expand its cross-chain Bitcoin collateralization infrastructure, which allows Bitcoin holders to participate in DeFi across Web3 protocols without wrapping or bridging. The protocol also supports institutional clients seeking to leverage their digital asset holdings across qualified custodians to enhance capital efficiency. OMEGA features an early contributor rewards program including OMEGA Points and USDC incentives, and maintains partnerships with Mantle LRT and other DeFi ecosystem participants.
Summary
OMEGA is a Crypto & Web3 company based in Dallas, United States, founded in 2023. It has raised $6.0M in total across 1 round, most recently a $6.0M Venture Round in Feb 2024. Investors include Lightspeed Faction, Borderless Capital and Bankless Ventures.
Tech & App Stack
1 technology or app tracked
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Funding History
Feb 2024
Investors
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