Omm turns 1 year old

🎂 Omm is 1 year old! 🎂

Omm launched at 5am (UTC), on 24 August 2021.

Since then, Omm’s features and refinements have kept it the money market made for everyone.

Join us for #OmmDay as we share Omm milestones and achievements every hour for the next 24 hours. pic.twitter.com/oa674yZaJy

— Omm 🌐 (@ommfinance) August 24, 2022

🚀 At launch, Omm supported 3 markets: $ICX / $sICX, $IUSDC, and $USDS.

As a #DeFi platform, Omm allows other markets to be added when there is community support. Over the past year, the community voted to add 3 additional markets – all of which were approved.#OmmDay https://t.co/Sv0G0a3696

— Omm 🌐 (@ommfinance) August 24, 2022

💰 When Omm launched, $10 million was supplied by the #ICONproject community in just 10 hours. That’s $1 million per hour.

This was particularly impressive because $OMM rewards weren’t even active at that time (more on rewards later).#OmmDay https://t.co/9ag9wEVshJ

— Omm 🌐 (@ommfinance) August 24, 2022

🏦 On 31 August 2021, just a week after Omm launched, 3 $OMM pools were opened on @BalancedDAO: OMM / $sICX, OMM / $IUSDC, and OMM / $USDS.#OmmDay https://t.co/HctStsBKEm

— Omm 🌐 (@ommfinance) August 24, 2022

🎉 Incredibly, over $200 million was supplied in Omm’s first 12 days. A noteworthy start for #ICONproject’s first dedicated #moneymarket.#OmmDay https://t.co/ERLwpe2ztO

— Omm 🌐 (@ommfinance) August 24, 2022

🎁 $OMM rewards could be claimed from 31 August, with 5% of the daily OMM allocated to stakers. (Staking has since been replaced by the popular $bOMM model – more on bOMM later.)#OmmDay https://t.co/4c0HqvCCun

— Omm 🌐 (@ommfinance) August 24, 2022

🪂 The Omm community #airdrop distributed 1 million $OMM to @BalancedDAO liquidity providers, active voters, community members, and @aaveaave / @compoundfinance users.

The airdrop could be claimed from 31 August to 25 September, helping many people discover Omm.#OmmDay https://t.co/WsAiODXd1F

— Omm 🌐 (@ommfinance) August 24, 2022

🧘 @monksacademy launched on 19 September. Formerly DeFi Academy, Monks Academy is a community project which provides support and learning content focused on Omm and the broader #DeFi ecosystem.

Thank you for your wisdom, Monks.#OmmDay https://t.co/THMRp84fwo

— Omm 🌐 (@ommfinance) August 24, 2022

💬 The Omm forum launched on 1 October. This created a space for thoughtful discussion, especially around Omm Improvement Proposals (OIPs).

You can follow the latest discussions at https://t.co/ijrcAmpjaQ#OmmDay pic.twitter.com/F9OSWxyhpJ

— Omm 🌐 (@ommfinance) August 24, 2022

🧑‍💻 October 2021 was a busy month: in addition to launching the forum, the contributors also open-sourced Omm’s smart contract and front-end repositories.

You can explore the code on GitHub: https://t.co/nfu9cT18tO#OmmDay pic.twitter.com/kuglcq6LHm

— Omm 🌐 (@ommfinance) August 24, 2022

💙 Balanced Dollars – $bnUSD – became Omm’s 4th market on 6 November, after OIP 3 was supported by 99.37% of voters.

To support this change, 2% of the daily $OMM distribution was allocated to the bnUSD market.#OmmDay https://t.co/oYFRiIBTLq

— Omm 🌐 (@ommfinance) August 24, 2022

📝 Omm’s custom blog – https://t.co/24UGiFavk9 – was launched on 11 November.

The most-viewed article so far is the January 2022 roadmap update, which included 4 significant governance updates: https://t.co/dCicShewoK#OmmDay pic.twitter.com/ynikFEr5kf

— Omm 🌐 (@ommfinance) August 24, 2022

🌗 On 17 November last year, #darkmode was added to the website and app, so Omm can please your eyes 24/7.

Dark mode support for the blog and forum was added soon after.#OmmDay https://t.co/aqpGT6cUkR

— Omm 🌐 (@ommfinance) August 24, 2022

🤩 December saw Omm’s web presence grow with a new ‘How it works’ page, which lets people learn about Omm without studying the docs: https://t.co/yhtraI8Hg1

This quickly became the most-viewed page (after ‘Home’), with an average visit duration of nearly 3 minutes.#OmmDay

— Omm 🌐 (@ommfinance) August 24, 2022

✅ After OIP 5 received 99.98% support, protocol-owned liquidity was introduced on 21 December.

Omm’s protocol fee earnings were used to provide liquidity, easing $OMM sell pressure. Omm now holds ~33% of the liquidity, and all its rewards get sent to the #DAO Fund.#OmmDay pic.twitter.com/Fu1q6RKMar

— Omm 🌐 (@ommfinance) August 24, 2022

💚 The Omm Token and Balance Token markets were added on 23 December, after OIP 6 received 99.96% support. This allowed the Omm community to participate in a total of 6 markets:

- $BALN
- $bnUSD
- $ICX / $sICX
- $IUSDC
- $OMM
- $USDS#OmmDay https://t.co/296G0jJ3Jn

— Omm 🌐 (@ommfinance) August 24, 2022

🗳 Meta-governance quickly became the main attraction of $OMM.

ICX supplied to Omm is staked, so OMM gives holders ICX voting power to delegate to ICON P-Reps.

Many P-Reps have encouraged their fans to vote for them via Omm, and some even offer rewards in exchange.#OmmDay https://t.co/Dau9OlXnW5

— Omm 🌐 (@ommfinance) August 24, 2022

🕵️ In February, an API was released to help P-Reps leverage Omm’s voting power and reward their supporters. The script fetches all wallet addresses that voted for a specific P-Rep, plus their voting power in ICX.

You can see the script on GitHub: https://t.co/cQMbjoZyPh#OmmDay pic.twitter.com/DlAqqrzybR

— Omm 🌐 (@ommfinance) August 24, 2022

📈 Interest history charts were added to Omm on 15 February.

These beautifully-designed charts allow the community to see the previous rates, recorded every 6 hours.#OmmDay https://t.co/9OeWnLJrIE

— Omm 🌐 (@ommfinance) August 24, 2022

🧘 February was another busy month for Omm. Amongst other changes, OIP 8 was approved – creating a $32,000 @monksacademy #DAO fund to cover 3 months of marketing, education, and community engagement initiatives.#OmmDay pic.twitter.com/TsJVRMJuO7

— Omm 🌐 (@ommfinance) August 25, 2022

📊 In April, @OptimusDeFi added 2 Omm investment strategies to the platform:

- Lender (deposit $ICX to earn interest and $OMM from the @helloiconworld market, as well as $FIN)
- Staker (deposit OMM to earn OMM staking rewards)#OmmDay https://t.co/JFWXUwP8on pic.twitter.com/NEtqO7URvr

— Omm 🌐 (@ommfinance) August 25, 2022

🪷 After months of development and 100% support for OIP 9, $bOMM (Boosted OMM) was launched on 12 July this year.

bOMM gives you voting power and boosts your $OMM earning potential by up to 2.5x.

Learn more at https://t.co/2YnMiL4ocU#OmmDay

— Omm 🌐 (@ommfinance) August 25, 2022

🌱 In just 2 weeks since the launch of $bOMM (Boosted OMM), over 18 million bOMM was created.

The bOMM model has been so successful that there’s now more $OMM locked up than was staked before the migration.https://t.co/f2CHfgRjZ4#OmmDay

— Omm 🌐 (@ommfinance) August 25, 2022

🔒 It’s now 6 weeks since the launch of $bOMM, and over 1,000 wallets have already locked up $OMM – with an average lock-up time of 2 years.

With 100% community support for this initiative, it’s validating to see such high engagement.#OmmDay pic.twitter.com/i5mtABLtZ3

— Omm 🌐 (@ommfinance) August 25, 2022