Introduction
Both suppliers and borrowers earn Omm Tokens (OMM) as a reward for the liquidity provided to Omm. Within each money market, the more assets deposited into the contract and the more assets borrowed will directly lead to more OMM earned by supplier and/or borrower.
Each money market has interest rates that are determined by the supply and demand of the underlying asset: when demand to borrow an asset grows or supply is removed, the interest rates increase to incentivise additional liquidity.
With the Omm protocol’s interest rates set algorithmically based on supply and demand, users can interact with ICON-based assets frictionlessly, without a trusted central party.
Last modified 1yr ago