So, OMM is off to a very good start.
Users had supplied more than USD 100 million to the ICON-based DeFi platform just three days after its launch.
As of Sept. 3, nearly USD 180 million had been supplied to the platform. Meanwhile, users had taken out over USD 66 million in loans.
Supplying ICX was earning an annual percentage yield of 0.23%, while supplying USDS was earning an annual percentage yield of 28.16%. Meanwhile, supplying IUSDC was earning 3.33%.
OMM even managed to get itself listed on CoinMarketCap. Not bad for a project less than two weeks since its launch. It aso broke into the top 10 defi apps with 24 hour users on Dapp.com.
“Omm has brought an influx of transactions and efficient capital to the ICON blockchain,” tweeted ICON project manager TJ Hunt. “These benefits plus an active community and a long-term vision makes for a strong protocol. BTP could also introduce some tailwinds in the future.”
