π― Description
Onomy Protocol is an interoperable Layer-1 ecosystem built to converge Forex and decentralized finance. Products include an innovative multi-chain wallet, bridge hub, a DEX supporting an orderbook experience fused with AMM liquidity pools, and a stablecoin issuance protocol.
Onomy consists of five pillars designed to be a self-governed monetary stabilization system.
Onomy Network: An application specific Layer 1 blockchain leveraging Tendermint BFT consensus, built with the Cosmos SDK.
Arc Bridge Hub: Powers bi-directional bridges to prominent blockchains in and outside of the Cosmos ecosystem - such as IBC enabled chains and Avalanche, Polygon, Moonbeam, etc.
Onomy Exchange (ONEX): A decentralized exchange that aims to replicate a traditional centralized exchange experience to settle the worldβs high-volume demands on-chain, decentralized, and in a non-custodial fashion. It combines AMM Liquidity Pools with an Orderbook UI, enabling Liquidity Providers to earn yield and traders to engage in familiar orderbook trading strategies supporting market, limit, stop, and conditional orders. The ONEX is both cross-chain and multi-chain. Paired with Onomy Access and Onomyβs bridge network, ONEX enables users to seamlessly trade native assets between blockchains - or trade assets native to one specific blockchain.
π
Launch Time (UTC)
Ongoing, ends on TBA
π Network
MultiChain
𧩠Sector
Layer-1, Decentralized Finance
π Profit
$NOM tokens
π Instructions
Take part in CREW3 by Onomy Protocol
π Social Links
Website | Twitter | Discord | Whitepaper