Omm testnet update and guarded launch plans

We’ve just released an updated version of Omm to the testnet.

This release includes a new Rewards page, where you can claim the Omm Tokens you earn from participating in the markets, then stake them or supply liquidity on Balanced to earn more OMM.

Head over to test.omm.finance to try it out, and take a look at the Omm docs for more details.

In this version of the testnet, we’ll do a guarded launch, which we plan to replicate for the mainnet release in a few weeks.

What do we mean by a guarded launch, and why is it necessary?

OMM rewards accrue in real time. To make sure everyone has a fair chance to earn OMM, and the team can take their time when launching Omm on the mainnet, Omm Tokens won’t be available to earn immediately.

For the first 2 days, you can participate in the money markets and earn interest, but you won’t earn Omm Tokens. Your OMM will begin accruing from day 3 (August 26 at 5am UTC), and will be claimable from day 8 (August 31) onwards.

From day 8, you’ll be able to claim your OMM from the Rewards page, and use the full functionality of the app.

If you have any questions, feedback, or just want to join the discussion, you can find us on Discord: https://discord.com/invite/R5JKqjVMUn

--

--

--

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

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Do Not Let Scope Creep Be The Reason For Your App’s Demise (and How To Solve Scope Creep Before It…

What isMiddleware ?

What is ABI Stability in Swift 5?

ABI Stability in Swift 5?

CS373 Fall 2020: Week 4

Forget FOMO, what about FOGO?

HubSpot Data Actions, Harvest Analytical Workflows and Looker Data Platform

conversationsAtHive[0]: What Exactly Is A Bug?

Datadog: Monitoring Web Services

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Omm

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.

More from Medium

Bluechip-weekly Update #13 (2021/11/13~11/19)

Pilot Development Update | 15 Jan 22

Launch Plan

BonFi x Coreto Multi Yield pool is now live!