Osero Completes $13.5M Funding Round Led by Sky Ecosystem on May 12

SKY1.24%
USDS-0.08%
According to BlockBeats, Osero, a stablecoin yield infrastructure project backed by Sky Ecosystem (formerly MakerDAO), completed a $13.5 million funding round on May 12, led by Sky Ecosystem and Plasma. RedStone and Kairos Research also participated. The round was structured as a SAFT, with $10 million designated as risk reserves to cover potential losses. Osero aims to drive adoption of Sky's stablecoin USDS and yield-bearing sUSDS, connecting users to the Sky Savings Rate system.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments