Last week, we announced a group of strategic partners who will support the growth and success of Omm. Today, we’d like to highlight one of those partnerships: that with Band Protocol.

Band’s oracle solution is critical for Omm and the safety of our users, so this post explores how Omm is using Band for the launch, and how the Band team plans to help Omm achieve its goal of becoming a cross-chain money market.

How Omm is using Band for launch

Omm will launch with 3 markets: ICX, USDS, and IUSDC. They use Band Protocol’s ICX/USD and IUSDC/USD price feeds to maintain the proper value, to more…

We’re excited to announce strategic partners who will be aligned with the long term growth and success of the Omm. In addition to users and active community members, long-term strategic partners are beneficial for the protocol, so we’re pleased to reveal them today.

We’ve partnered with top tier funds such as Hashed, CMS Holdings, and FBG Capital. These funds are very well respected in the industry, which will help Omm build a good reputation in the DeFi space as it strives to become the de facto cross-chain money market. …

To celebrate the upcoming launch of Omm, we’ve partnered with the ICON Foundation to distribute Omm Tokens to ICX holders.

Omm plans to be the de facto money market for the ICON ecosystem, so we wanted everyone with ICX to benefit from and grow the Omm protocol together.

Through the ICON Community Airdrip program, ICX delegators will be able to claim OMM every week after the Omm launch.

Here are the details:

  • The first drip will drop on Monday 3am EST after Omm launches
  • Delegated ICX holders can claim their OMM every week from the Omm website
  • The more ICX…

If you want to experiment with Omm ahead of the launch, you can now do so on the testnet: test.omm.finance.

Try to supply and borrow assets, claim and stake Omm Tokens, and vote for ICON P-Reps. Testnet rewards are available to claim from your Performance section after 8:15am Pacific each day.

If it’s your first time using a testnet product, we’ve included some details to help you get started.

Sign in to Omm

First, sign in to test.omm.finance with ICONex or a Ledger wallet on your computer, or use Bridge on any device.

If you’re on mobile, use the MyIconWallet app:

  1. Go to the…

Omm, a money market where anyone can lend and borrow assets, earn interest, and own a share of the protocol.
Omm, a money market where anyone can lend and borrow assets, earn interest, and own a share of the protocol.

We’re excited to announce Omm, the next DeFi project to enter the ICON ecosystem. Omm (Open Money Market) is a decentralized peer-to-contract money market protocol owned and operated by OMM token holders. The inspiration came from the important role of Compound and Aave in the Ethereum DeFi ecosystem, and we hope the Omm protocol will play a similar role for the ICON ecosystem and a broader audience who haven’t experienced DeFi yet.

The Omm protocol will be a fair launch project following the ethos of the recent DeFi trends, and will take additional steps to push for mass adoption of…

Omm

A money market where anyone can lend and borrow assets, earn interest, and earn OMM for doing so. Coming soon to the ICON Network.

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