Ask about Omni Protocol
Logo of Omni ProtocolOmni ProtocolDeprecated protocol
Total Value Locked$24.72

TVL by Chain

Ethereum$24.72

Key Metrics

Active Loans$0

Protocol Information

Omni is a decentralized protocol with a foundation of providing lending and borrowing services for various assets on the Ethereum blockchain. Users can lend their NFTs and ERC-20 tokens to earn income in the form of interest. Additionally, users can use their lended assets as collateral for borrowing assets.

Category:Lending

Methodology

TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHub

Competitors

Aave V3 ($13.639b)Morpho Blue ($7.447b)SparkLend ($3.62b)Maple ($2.382b)Compound V3 ($1.132b)Venus Core Pool ($1.031b)Fluid Lending ($648.54m)Lista Lending ($606.74m)Euler V2 ($331.7m)cap ($251.65m)

Frequently Asked Questions

What is Omni Protocol?

Omni is a decentralized protocol with a foundation of providing lending and borrowing services for various assets on the Ethereum blockchain. Users can lend their NFTs and ERC-20 tokens to earn income in the form of interest. Additionally, users can use their lended assets as collateral for borrowing assets.

What is Omni Protocol's TVL?

Omni Protocol currently has $24.72 in total value locked. TVL has decreased 1.1% over the past 30 days.

What chains does Omni Protocol operate on?

Omni Protocol operates on Ethereum. Ethereum holds the largest share at 100%.

How much has been borrowed through Omni Protocol?

Omni Protocol currently has $0 in active loans.