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Omm Tokens (OMM)
All Omm Tokens are earned using the Omm protocol. OMM is minted and distributed daily.
Period | New supply |
|---|---|
First 30 days* | 1,000,000 per day (30M tokens) |
Remainder of year 1 | 400,000 per day (134M tokens) |
Year 2 | 300,000 per day (109.5M tokens) |
Year 3 | 200,000 per day (73M tokens) |
Year 4 | 100,000 per day (36.5M tokens) |
Year 5 | 3% annual inflation |
* Rewards started on 26 August 2021 at 5am (UTC). Rewards were claimable from 31 August 2021 at 5am (UTC).
Category | Distribution |
|---|---|
DAO Fund | 40.4% |
Omm Worker Tokens (OMMWT) | 30% |
Liquidity pools | 15% |
| |
Markets | 9.6% |
| |
bOMM | 5% |
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:
- ICONOsphere
- Lydia Labs
- PARROT9
- Protokol7
Last modified 1yr ago