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Omium Protocol

Omium Protocol OMM Price N/A

DeFi

OMM Price

N/A

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Inactive

Funds and Backers

No funds found yet

Wallets

No wallets found yet

Description

Omium Protocol is an innovative project that brings together different DeFi mechanisms for optimal results

Omium Protocol (OMM) Chart

Omium Protocol price Index provides the latest OMM price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

Total Supply

OMM 1,000,000,000

Listing Date

22 Feb 2023

All Time High

$ 10.52

22 Feb 2023


All Time Low

$ 0.0102

26 Nov 2023

What is Omium Protocol (OMM)?

Omium Protocol is an innovative project that brings together different DeFi mechanisms for optimal results. The goal of the protocol is to maintain the largest possible percentage of the supply in staking and to distribute rewards at every rebase. Rebases are spaced out every 8 hours, and to avoid speculation at each rebase approach, a 2 epochs lock is implemented for each staking.

The collected treasury will have 2 main purposes:

  • Yield Generator. Holding USDC without exploiting them would not be optimal treasury management. That's why Omium decided to convert them 100% into GLP
  • Yield management. The yield generated by this investment will be used in its entirety to buyback the token and thus increase the price and counteract the selling pressure, but the $OMM purchased will also be burned which will reduce the total supply and inflationary pressure caused by bonds.

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