Omphalos is a blockchain technology company focused on decentralized finance and developing an elastic digital asset protocol for global DeFi. Its core product is a stable multichain DeFi protocol with an elastic-supply design and a built-in price-stabilizing mechanism aimed at reducing volatility. The protocol is intended to validate stable digital assets and encrypted messages securely across multiple decentralized financial ecosystems, a design the company likens to Polkadot-style multichain offerings. Since 2018 the team has conducted research on elastic-supply DeFi, positioning Omphalos as one of the few projects targeting stable protocol multichain interoperability. The recently raised seed capital will finance product development and bolster the Omphalos Grant program to help developers build on the protocol. The company’s roadmap includes becoming a fully decentralized, open-source platform for next-generation web3 financial applications within three years, and it refers to its token as OMPL.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2020