OmniCOMP 2.0

A E S T H E T I C edition

Otomo OCP
Omni Consumer Protocols
3 min readJun 7, 2021

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The technical evolution of OmniCOMP is always ongoing.

While developing OmniVAULT and OmniSHORTS, it became clear a far more robust solution would be to directly implement their features into OmniCOMP.

The first step of this, OmniCOMP 2.0 is now online.

The new platform should look familiar, but very different.

  • Users can now earn direct interest on assets they supply to the platform, from people borrowing. This is reflected directly in the supplied balance increasing.
  • Front and centre is the MINT USDO sphere, where users can mint the multicollateral backed stablecoin, and also repay outstanding balance. Minting USDO still earns rewards in the form of $OmniC.
  • Assets on the platform can be borrowed, providing the user has staked assets of their own as collateral.

Initially, approved assets include $OCP, $POPEN, and $OMNIC.

Yes, you read that right. You can put the $OMNIC you’ve been earning all this time to work. Lucky you.

More will be added soon, with a future view for the OCP community to decide these by voting.

In the meantime, OmniCOMP 1.0 will exist side-by-side with the new platform. Users will want to pay back minted USDO and EURO at convenience, as OmniC rewards have moved to the new platform.

More than a mere platform upgrade, this will bring in automatic price updates from PancakeSwap, and usher in decentralized governance, giving the OCP community a clear voice in the direction OCP grows.

Visit the links below, to learn more about the fast growing OCP ecosystem.

Omni Consumer Protocols
We’ve got the future under control

.// OCP.finance
.// OmniCOMP.ocp.finance
.//REKT.ocp.finance
.// t.me/OCPcorp
.// twitter.com/OmniC_Pro

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