Reminder: Omm will go offline at the end of 2025.
ICON’s transition to SODAX removes any need for a liquid staking product.
If you locked up OMM and want to hold onto it, make sure to withdraw it from the app before December 31.
Claim your ICON validator rewards before December 31.
Validators with bOMM votes earn a share of Omm's staking income, but the app will be shut down at the end of the year.
Check your bOMM delegation from https://t.co/IyXBoR8pWC and connect your wallet to view/claim rewards.
Reminder: Omm will go offline at the end of 2025.
ICON’s transition to SODAX removes any need for a liquid staking product.
If you locked up OMM and want to hold onto it, make sure to withdraw it from the app before December 31.
At the end of December, Omm will be no more.
If you have $sICX, you can still use it on @BalancedDeFi:
- Unstake it from the wallet dropdown
- Trade it on the legacy exchange
And migrate any unstaked $ICX to $SODA to join ICON on the next stage of their journey as @gosodax.
Reminder: Omm will go offline at the end of 2025.
ICON’s transition to SODAX removes any need for a liquid staking product.
If you locked up OMM and want to hold onto it, make sure to withdraw it from the app before December 31.
Reminder: Omm will go offline at the end of 2025.
ICON’s transition to SODAX removes any need for a liquid staking product.
If you locked up OMM and want to hold onto it, make sure to withdraw it from the app before December 31.
OIP 24 is now complete, marking the final step for Omm. As the ICON network winds down, the Omm protocol officially sunsets. Thank you for being part of this journey over the past few years.
OIP 24 is now complete, marking the final step for Omm. As the ICON network winds down, the Omm protocol officially sunsets. Thank you for being part of this journey over the past few years.
Based on OIP 24, former Omm money market users with deposited assets have received sICX and OMM tokens according to their pro rata shares (~72%). In total, 342,334 sICX and 352,947 OMM were distributed to 1,001 holders with >0.01 USD balance.
https://t.co/nNGT9S5pGN
OIP 24 has been implemented:
1. All sICX in the DAO fund has been distributed to bOMM holders
2. Users are now able to unlock their bOMM in their "Boosted OMM" section
Proposal #24 to sunset Omm is now live!
All bOMM holders and former money market users are encouraged to review and vote. This submission and relevant updates will conclude the early contributors’ involvement with the protocol.
https://t.co/YrmxtNf880
Liquidations of users resulted in 38,261 sICX, which were converted into 47,368 BALN. These BALN have been distributed to all BALN depositors on Omm.
Thanks for everyone's patience. BALN market will close shortly.
With all the recent developments going on in the ICON ecosystem it is easy to miss the news that liquid staking is now live with @ommfinance 💧 $SICX $ICX $OMM
bOMM holders now control the delegation for all $sICX supplied to @BalancedDAO liquidity pools.
bOMM voting power has increased from 0.63 –> 0.78 ICX, and will benefit from @helloiconworld's plans for network-owned liquidity.
Thanks for your cooperation. 🤝
Want to stake ICX or unstake sICX on Omm?
Head over to https://t.co/OGatSKAwJa to get started.
For any questions, check out https://t.co/cBOihzWnAs, or join the Omm Discord channel: https://t.co/39CUicBRmL
sICX is a liquid staking token that improves the $ICX staking experience.
You can earn rewards while it remains available to use in your wallet, and you don't have to claim the rewards manually.
Even better, sICX gives you a way to shortcut the unstaking period. 🧵
2. Join the unstaking queue
If you're in no rush, wait for sICX to unstake so you can avoid the 1% fee.
Unstaking takes ~7 days, but it's often much less based on sICX demand.
The app includes a time range based on the last unstaking request and the maximum unstaking period.