🎉Good news! LeverFi, an on-chain leveraged trading protocol, announced that it has successfully raised $10 million in the OmniZK Developer Fund to support developers building BTCFi using OmniZK. 👏
OmniZK will allow developers to build and deploy scalable, interoperable DLC applications that are natively settled on the Bitcoin network. This is a decentralized alternative that has advantages over centralized Bitcoin L2, which is protected by multi-signatures or institutional custodians. 🚀
The OmniZK Developer Fund focuses specifically on the BTCFi project, with the goal of providing seed-stage investments of $100,000 to $500,000 to high-quality development teams developing native Bitcoin financial applications. 💰
Currently, the OmniZK Developer Fund has made four investments in the BTCFi project and is ready to support more projects. We are full of expectations for the future of Bitcoin! 🔮