LeverFi: Raised $10 million OmniZK Developer Fund to support developers building BTCFi using OmniZK.

ChainCatcher news, the on-chain leveraged trading protocol LeverFi announced on social media that it has successfully raised $10 million for the OmniZK developer fund from leading institutions, market makers, and private investors to support developers building BTCFi using OmniZK before the launch of the OmniZK testnet in the second quarter.

It is reported that OmniZK will allow developers to build and deploy scalable, interoperable DLC applications with native settlement on the Bitcoin network. Compared to centralized Bitcoin L2s protected by multi-signature or institutional custodians, OmniZK represents a decentralized alternative. The OmniZK developer fund is specifically focused on BTCFi projects, aiming to provide seed-stage investments ranging from $100,000 to $500,000 to high-quality development teams creating native Bitcoin financial applications (distributed in multiple tranches based on milestones).

Currently, the OmniZK developer fund has made four investments in BTCFi projects and is prepared to support more projects.