Omm is a money market on the ICON blockchain, designed to be accessible to everyone. Supply assets on Omm to earn interest, borrow assets for short-term loans, and earn OMM for doing so.
If you’re new to crypto, use Bridge to sign in with your email address and buy Stably USD. Supply USDS on Omm, and send it to your bank account when you need it.
Omm is a DAO, and OMM is its governance token. Stake OMM for voting rights & staking rewards, or supply OMM liquidity on Balanced to earn more OMM.
More About Omm
What's not to like about OMM Finance?
* Fantastic UI/UX
* Up to tripple rewards: liquid staking, lending interest and OMM incentives
* Use your assets as collateral to get competitive loans. If you pay attention, you can even get paid to borrow.
* Staking the OMM governance token gives voting delegation rights on Icon blockchain which can make you eligible for rewards from certain node operators.
* Wrapped assets like iUDSC even allow you to bridge assets from other chains to take advantage from cross chain yield opportunities.
*Bridge Pay makes use of the Stably stable coin USDS to create an easy fiat on- and off-ramp between your bank account and OMM Finance, bridging the gap between CEFI and DEFI.
A great platform, built by a great team which is yet to be discovered by the masses. Having a governance token with both voting rights and ICX delegation rights is a cherry on top!
Highly recommended to give a try.
I personally like the OMM Finance because it was the first money market i had contact with, it has a friendly website and easy to understand concepts bassically you supply assets to earn interest,borrow them and you can earn OMM too, voting and etc. It's a great project!
I'm quite new to Defi and have to say that Omm has been amazing. I've seen other Defi apps and found them super complicated.
Omm is very easy to use and from what I can see, there's lots of different strategies that can be used to make good yields. I've started small and am working my way up. Looks like theres plenty of opportunities with it! The UI is really good and its very easy to use.
5 stars from me for sure!
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