Omm turns 1 year old

Omm launched on 24 August 2021. Here’s a summary of milestones and achievements from the past year.
To celebrate Omm’s first birthday, the Omm contributors tweeted about Omm every hour for 24 hours. The tweets started at exactly 5am UTC, the time Omm launched 1 year ago.
In case you missed it, here are the celebratory tweets in full:
5am Wednesday
🎂 Omm is 1 year old! 🎂
— Omm 🌐 (@ommfinance) August 24, 2022
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
6am Wednesday
🚀 At launch, Omm supported 3 markets: $ICX / $sICX, $IUSDC, and $USDS.
— Omm 🌐 (@ommfinance) August 24, 2022
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
7am Wednesday
💰 When Omm launched, $10 million was supplied by the #ICONproject community in just 10 hours. That’s $1 million per hour.
— Omm 🌐 (@ommfinance) August 24, 2022
This was particularly impressive because $OMM rewards weren’t even active at that time (more on rewards later).#OmmDay https://t.co/9ag9wEVshJ
8am Wednesday
🏦 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
9am Wednesday
🎉 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
10am Wednesday
🎁 $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 (Staking has since been replaced by the popular $bOMM model – more on bOMM later.)#OmmDay https://t.co/4c0HqvCCun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
11am Wednesday
🪂 The Omm community #airdrop distributed 1 million $OMM to @BalancedDAO liquidity providers, active voters, community members, and @aaveaave / @compoundfinance users.
— Omm 🌐 (@ommfinance) August 24, 2022
The airdrop could be claimed from 31 August to 25 September, helping many people discover Omm.#OmmDay https://t.co/WsAiODXd1F
12pm Wednesday
🧘 @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.
— Omm 🌐 (@ommfinance) August 24, 2022
Thank you for your wisdom, Monks.#OmmDay https://t.co/THMRp84fwo
1pm Wednesday
💬 The Omm forum launched on 1 October. This created a space for thoughtful discussion, especially around Omm Improvement Proposals (OIPs).
— Omm 🌐 (@ommfinance) August 24, 2022
You can follow the latest discussions at https://t.co/ijrcAmpjaQ#OmmDay pic.twitter.com/F9OSWxyhpJ
2pm Wednesday
🧑💻 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.
— Omm 🌐 (@ommfinance) August 24, 2022
You can explore the code on GitHub: https://t.co/nfu9cT18tO#OmmDay pic.twitter.com/kuglcq6LHm
3pm Wednesday
💙 Balanced Dollars – $bnUSD – became Omm’s 4th market on 6 November, after OIP 3 was supported by 99.37% of voters.
— Omm 🌐 (@ommfinance) August 24, 2022
To support this change, 2% of the daily $OMM distribution was allocated to the bnUSD market.#OmmDay https://t.co/oYFRiIBTLq
4pm Wednesday
📝 Omm’s custom blog – https://t.co/24UGiFavk9 – was launched on 11 November.
— Omm 🌐 (@ommfinance) August 24, 2022
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
5pm Wednesday
🌗 On 17 November last year, #darkmode was added to the website and app, so Omm can please your eyes 24/7.
— Omm 🌐 (@ommfinance) August 24, 2022
Dark mode support for the blog and forum was added soon after.#OmmDay https://t.co/aqpGT6cUkR
6pm Wednesday
🤩 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
— Omm 🌐 (@ommfinance) August 24, 2022
This quickly became the most-viewed page (after ‘Home’), with an average visit duration of nearly 3 minutes.#OmmDay
7pm Wednesday
✅ After OIP 5 received 99.98% support, protocol-owned liquidity was introduced on 21 December.
— Omm 🌐 (@ommfinance) August 24, 2022
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
8pm Wednesday
💚 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:
— Omm 🌐 (@ommfinance) August 24, 2022
- $BALN
- $bnUSD
- $ICX / $sICX
- $IUSDC
- $OMM
- $USDS#OmmDay https://t.co/296G0jJ3Jn
9pm Wednesday
🗳 Meta-governance quickly became the main attraction of $OMM.
— Omm 🌐 (@ommfinance) August 24, 2022
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
10pm Wednesday
🕵️ 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.
— Omm 🌐 (@ommfinance) August 24, 2022
You can see the script on GitHub: https://t.co/cQMbjoZyPh#OmmDay pic.twitter.com/DlAqqrzybR
11pm Wednesday
📈 Interest history charts were added to Omm on 15 February.
— Omm 🌐 (@ommfinance) August 24, 2022
These beautifully-designed charts allow the community to see the previous rates, recorded every 6 hours.#OmmDay https://t.co/9OeWnLJrIE
12am Thursday
🧘 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
1am Thursday
📊 In April, @OptimusDeFi added 2 Omm investment strategies to the platform:
— Omm 🌐 (@ommfinance) August 25, 2022
- 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
2am Thursday
🪷 After months of development and 100% support for OIP 9, $bOMM (Boosted OMM) was launched on 12 July this year.
— Omm 🌐 (@ommfinance) August 25, 2022
bOMM gives you voting power and boosts your $OMM earning potential by up to 2.5x.
Learn more at https://t.co/2YnMiL4ocU#OmmDay
3am Thursday
🌱 In just 2 weeks since the launch of $bOMM (Boosted OMM), over 18 million bOMM was created.
— Omm 🌐 (@ommfinance) August 25, 2022
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
4am Thursday
🔒 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.
— Omm 🌐 (@ommfinance) August 25, 2022
With 100% community support for this initiative, it’s validating to see such high engagement.#OmmDay pic.twitter.com/i5mtABLtZ3
Lean more about Omm
Still curious after 24 tweets? You can learn more on the Omm website, the Omm user guide, and elsewhere in the Omm blog.
Omm’s community is ready to support new users via Discord and the Omm forum.