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Omm Tokens (OMM)
All Omm Tokens are earned using the Omm protocol. OMM is minted and distributed daily.
* Rewards started on 26 August 2021 at 5am (UTC). Rewards were claimable from 31 August 2021 at 5am (UTC).
OMM holders can lock up OMM to receive Boosted OMM (bOMM) – a non-transferable token that entitles them to vote on governance issues like:
- Additional market listings
- Adjustments to the liquidation threshold
- Changes to interest rates parameters
- LTV limits
Locked OMM also increases earning potential by up to 2.5x. The longer the user locks up OMM, the more bOMM they receive – directly increasing their OMM rewards.
Omm Worker Tokens incentivise contributors of the project. Collectively, OMMWT holders have rights to 30% of new OMM minted.
Omm Worker Tokens can either be transferred by the holders of OMMWT, or by a vote by OMM holders.
100 OMMWT are currently distributed to 4 early contributors:
- Lydia Labs