Omm

1. Summary

Ranks

Liquidity

-

Developer

-

Social

43

Momentum (beta)

0

Stack Rank™

-

Price

$0.000000000000 0.0%

Market Cap

$ (#29938)

Supply

/

Tags

Near Protocol Ecosystem

More Metrics

Price
52W High price	$0.07
52W High date	3rd Apr 2022 (2 years ago)
All Time High (ATH) Date	22nd Feb 2025 (4 hours ago)
All Time Low (ATL) Date	22nd Feb 2025 (4 hours ago)

Supply & Trading Volume

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Description

Omm is a decentralized peer-to-contract money market protocol operating on the ICON platform. It is owned and operated by OMM token holders, who have a stake in the project’s governance. Initially launched as a money market, Omm is pivoting to become a liquid staking protocol, allowing for staking with instant unstaking capabilities.

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Omm is a decentralized peer-to-contract money market protocol operating on the ICON platform. It is owned and operated by OMM token holders, who have a stake in the project’s governance. Initially launched as a money market, Omm is pivoting to become a liquid staking protocol, allowing for staking with instant unstaking capabilities.

Key Features

• Liquid staking: Converts ICX to sICX, which maintains its value while allowing holders to earn staking rewards.
• Governance: OMM holders can participate in voting on changes to the fees, protocols, and distribution of funds.
• Staking Rewards: Staking ICX through Omm auto-compounds daily, minus a 10% fee.
• Validator Rewards: 40% of the staking fee goes to ICON validators, which can be influenced by OMM holders.
• Voting Power: OMM holders can vote on ICON blockchain validators and influence the distribution of rewards.

Architecture

• DAO Management: Operates as a decentralized autonomous organization (DAO) with OMM as the governance token.
• Tokenomics: The OMM token supply increases daily, with initial minting starting on August 26, 2021, and daily supplies structured to stabilize after year five.

Objectives

• Cross-Chain Money Market: Aims to become the leading cross-chain money market, leveraging ICON’s interoperability capabilities.
• User Experience: Designed for new crypto investors, offering fast and cheap transactions and integration with the Bridge wallet for fiat-to-crypto conversion.

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