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After a successful initial seed round of $5M

Oasis has raised $6M . Oasis.app allows DeFi users to borrow and increase their exposure to cryptocurrency as well as earning on their assets. It raised $6 million in a Series A round of funding led by Libertus Capital. Coin Journal was informed via a press release. Other investors in this round of funding included…

Oasis has raised $6M

.

Oasis.app allows DeFi users to borrow and increase their exposure to cryptocurrency as well as earning on their assets. It raised $6 million in a Series A round of funding led by Libertus Capital. Coin Journal was informed via a press release.

Other investors in this round of funding included Road Capital, and several high-profile angels in DeFi.

Funds to help develop products and grow teams

Oasis was awarded $6 million in funding, in cash and in crypto. This funding follows a $5 million seed round from UDHC Finance in June 2021,, when Oasis was removed from the Maker Foundation’s dissolution.

The Oasis team will make use of the funds to expand their product offerings, increase their team size, and enhance their brand identity.

Libertus announced:

We are excited to work with the Oasis Team as they build products and tools that allow DeFi users to safely and seamlessly deploy their capital. Oasis has built the number. 1 DeFi app that can interact with Maker Procotol. We look forward to their bringing their smart contract and security expertise to the DeFi ecosystem with this funding.

Chris Bradbury and Oasis.app CEO updated:

It’s been an amazing journey. We are proving that we can be the most trusted place in DeFi for capital management and deployment. Oasis.app’s latest funding will allow us to scale the features that our community is looking for. We are humbled to work with such amazing investors, who have already made a significant impact on our progress in this space. This is a huge-time moment for DeFi, as users not only see the potential but also find the technology to access it. DeFi is still in its early stages, but we are eager to drive the next phase.

About Oasis.app

Oasis.app can be used as a DeFi platform to increase exposure to cryptocurrency, exchange tokens or borrow Dai against Crypto. Within six months of its launch, the multiply feature saw a $1 billion increase in trading volume.

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