Omega Finance is a decentralized finance (DeFi) protocol that operates as a fork of OlympusDAO. Its mission is to build a community-owned, decentralized financial infrastructure by creating a free-floating reserve currency, OM. The OM token is backed by a basket of assets (e.g., DAI, wETH) in the Omega treasury, giving it an intrinsic value that it cannot fall below. The protocol utilizes staking and bonding mechanisms to grow its treasury, mint OM tokens, and distribute profits to stakers, aiming to provide a stable and reliable store of value within the DeFi ecosystem.

Founded in

Australia