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Omm Tokens (OMM)

All Omm Tokens are earned using the Omm protocol. OMM is minted and distributed daily.

Supply of Omm Tokens

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).

Categories of OMM distribution

Category
Distribution
DAO Fund
40.4%
Omm Worker Tokens (OMMWT)
30%
Liquidity pools
15%
  • 5% to OMM / IUSDC
  • 5% to OMM / sICX
  • 5% to OMM / USDS
Markets
9.6%
  • 3.6% for ICON
    • (Supply: 1.8% / Borrow: 1.8%)
  • 2% for ICON USD Coin
    • (Supply: 1% / Borrow: 1%)
  • 2% for Stably USD
    • (Supply: 0.5% / Borrow: 1.5%)
  • 2% for Balanced Dollars
    • (Supply: 0% / Borrow: 2%)
bOMM
5%

Entitlements of OMM holders

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
bOMM holders can discuss changes on the Omm forum before voting on proposals within the app.
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 (OMMWT)

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