About Omm Airdrop
Omm Airdrop is an open money market: a decentralized peer-to-contract money market protocol built on the ICON Network, with a direct fiat on- and off-ramp through the Bridge widget. Omm’s mission is to lower the friction between traditional banking services and decentralized financial infrastructure, while offering cryptocurrency holders the opportunity to borrow fiat backed assets against their crypto assets.
In traditional finance, money markets provide short term funding and liquidity for borrowers. Additionally, money markets are attractive for investors with excess cash, given relatively high interest rates and immediate liquidity. The liquidity and attractive relative returns have made money markets a cornerstone for corporations, small businesses, and consumers alike.
These markets are becoming equally important in the blockchain ecosystem, with the rise of Compound and Aave as a key component of decentralized finance. The Omm protocol creates a functioning money market on the ICON Network. The protocol will consist of two primary market participants: Suppliers and Borrowers. Both Suppliers and Borrowers can earn Omm Tokens (OMM) as a reward for the liquidity provided to Omm.
| Platform | Token per Claim | Max. Participants | Website |
|---|---|---|---|
| ICON | Up to 400 OMM | Unlimited | Click Here To Visit |
The money market made for everyone
Supply assets to earn interest, borrow assets for short-term loans, and earn OMM for doing so.
Supply an asset
ICX or a supported ICON asset. Earn variable interest daily.
Borrow an asset
Borrow up to 50% of your supplied value and pay variable interest daily.
Earn Omm Tokens
Omm Airdrop . Stake them to earn more OMM and vote on the future of Omm.
Make your money work for you.
Your money loses value every day it stays in the bank. Many countries target an annual inflation rate of 2%1, but most banks offer less than a 0.5% return.2,3 You deserve better.
Supply money on Omm and watch your balance grow from day one. Need a loan? Borrow against your assets in seconds. Omm is designed to be accessible to everyone, so if you’re new to cryptocurrency, all you need is an email address and USD.
Make your money work for you.
Your money loses value every day it stays in the bank. Many countries target an annual inflation rate of 2%1, but most banks offer less than a 0.5% return.2,3 You deserve better.
Supply money on Omm and watch your balance grow from day one. Need a loan? Borrow against your assets in seconds. Omm is designed to be accessible to everyone, so if you’re new to cryptocurrency, all you need is an email address and USD.
Supply assets. Earn a passive income.
Add ICX, USDS, or IUSDC to a market to earn variable interest and Omm Tokens (OMM) each day. Supply ICX, and you’ll also earn staking rewards. When you need to use your assets, you can withdraw them in an instant.
Use with your email address and USD.
New to blockchain and cryptocurrency? Sign in with Bridge to attach a wallet to your email address, then use it to buy Stably USD (USDS). Requires a verified identity.
Maximize your earning potential.
If you hold assets with a market on Omm Airdrop , they’ll appear as available to supply. View your balance and the current annual rate for supplying it, then put your money to work.
Borrow assets for short-term loans.
Use your supplied assets as collateral to borrow up to 50% of the value. The amount you owe will increase each day based on the variable interest rate, so it’s best for short-term loans.
Supply liquidity on Balanced.
To earn more OMM, add your borrowed assets to the OMM / sICX, OMM / USDS, or OMM / IUSDC pool on Balanced, then stake your LP tokens on Omm.
Withdraw to your bank account.
To cover expenses in the real world, borrow USDS, then use Stably to send an equivalent amount of USD to your bank account. Supports US banks and international wire transfers.
Own a piece of Omm.
Omm Airdrop operates as a decentralized autonomous organization (DAO), owned by its community. The Tokens (OMM) are the platform’s governance token: stake them for the right to shape future, and to earn even more OMM.
They will distribute 1,000,000 OMM a day for 30 days. The amount then drops to 400,000/day for the first year, and is reduced by 100,000/day each year until year 5+, when it stabilizes at 3% inflation.
Audited for your security.
Omm Airdrop is decentralized, so it operates via smart contracts. The Omm smart contracts were audited by Slowmist, whose list of clients includes leading exchanges like Binance, Huobi, and OKex.
An audit reduces the risk of smart contract bugs, but there’s always a risk. Invest only what you can afford to lose.