To put it simply, Onomy is an interactive DeFi project developed based on Cosmos. It is an ecosystem built on the Layer 1, fully known as the Onomy Protocol.
The Onomy Protocol encompasses a wide range of business types. It is dedicated to vertical integration in the DeFi sector, similar to many projects of this type. Onomy aims to combine traditional finance with DeFi, offering an ecosystem that includes multi-chain wallets, cross-chain bridge hubs, Dex, and decentralized stablecoins.
Viewing all these different business scenarios as a whole, what Onomy is doing aligns with what many DeFi projects have long advocated—building a comprehensive decentralized financial service system to provide users with a complete crypto experience.
Essentially, Onomy follows a centralized operational mindset but fundamentally belongs to the decentralized category of typical DeFi projects. Although it may lag behind top-tier DeFi projects like AAVE or Compound in terms of scale, its comprehensive vertical business ecosystem