What is OMNI network?
#OMNI Network, a groundbreaking cross-rollup protocol for #Ethereum . Omni is designed to connect different rollup apps, improve user interactions, expand market reach, and increase liquidity across the Layer 2 ecosystem. Public testnet launches in Q3 2019 2023, and mainnet in 2024.
The Omni protocol includes the following two main parts:
Omni EVM: This is an EVM implementation layer, capable of accepting transactions involving ETH.
Omni Driver: This layer enables secure interaction and connects Omni Validators with ETH retake participants, requiring them to participate in the consensus process.
overview
Work
Omni works by passing messages between different rollups. Users initiate transactions on a protocol integrated with Omni, and the Omni validator will be responsible for forwarding these messages to the recipient list.
Target
Omni Network aims to facilitate cross-rollups of stablecoins and other DeFi applications that can aggregate liquidity from multiple Layer 2 rollups. It helps developers reach a wider audience and offers liquidity advantages across different rollups.
Security
Omni network inherits security from Ethereum for interoperability by leveraging $ETH staking on #Eigenlayer , a protocol built on Ethereum. This protocol introduces delegated restaking of Ethers on and from other staking platforms such as #Lido Finance.
It can be seen that this is a project about Restaking and aiming at rollup, two quite hot keywords this season.
What problems does Omni Network help solve?
The market has entered an uptrend, which means that Layer 1 and Layer 2 projects are also appearing more and more. Notable Layer 2 projects such as Optimism, Arbitrum or StarkNet have not yet shown their value, but Layer 3 continues to be born. This causes liquidity and capital distribution to be fragmented, and ecosystems are becoming more and more fragmented. Therefore, current developers want to build projects but will face two options when wanting to build dApps:
Independent ecosystem: Helps deploy applications on a single blockchain. However, users will need to use bridges to transfer assets between different blockchains. This will definitely make it difficult for new users, leading to a decrease in the number of users.
Multi-chain: Projects can develop their applications on multiple chains by using data transfer protocols to connect smart contracts on different blockchains. However, this is quite complicated and can easily lead to security holes.
Omni Network was born to connect different blockchains. This provides access to liquidity across any ecosystem without the need to use cross-chain to move assets
Roadmap
Q1 2024:
Launching on Blast L2, all Blast tokens received to developers will be distributed to Omni users
Launch of veBETA and how to distribute points to receive rewards
Start Beta DAO
Q2 2024:
Supports multi-chain borrowing and lending through LayerZero/Stargate
Aiming to support 30+ collateral assets on the Omni protocol
Launch Omni on Arbitrum mainnet
Q3 2024:
Enables borrowing of long-term assets with listing process through Uniswap V3 oracles
Launch of Omni by Beta loans for owners
Thực thi smart contract cho multi-rollup
Partners and capital raising
Omni Network has cooperated with partners such as: EigenLayer, Arbitrum, Polygon, StarkWare, Scroll, Linea to provide Layer 2 interoperability solutions on Ethereum.
Raising capital of 18M USD with famous funds such as Pantera Capital, Two Sigma Ventures, Jump Crypto, Hashed, The Spartan Group...
summary
This is a potential project on the Cosmos ecosystem, Omni Network will help developers solve the current situation of liquidity dispersion in the crypto industry. Will what the project aims to be successful? Let's look forward to it in the near future!