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OMNIA Protocol Launches Mainnet and Staking OMNIA Protocol Launches Mainnet and Staking

OMNIA Protocol Launches Mainnet and Staking

Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

OMNIA Protocol – an RPC provider specializing in decentralized physical infrastructures (dePIN), with a user base currently exceeding 6 million monthly active users and processing over $3 Billion monthly in volume – is taking a major step forward in decentralized finance (DeFi) with the official launch of its mainnet and staking services, marking a new era for its users and the broader DeFi community.

This launch allows users to engage with secure and rewarding staking opportunities, both through OMNIA’s native staking system that secures the nodes, and in collaboration with Team Finance, a renowned provider of security tools for decentralized applications.

OMNIA Protocol’s mainnet launch solidifies its commitment to creating a more robust, secure, and user-friendly decentralized infrastructure that aggregates all industry verticals into a single umbrella : MEV monetization, high availability through thousands of community runned nodes, state-of-the-art security solutions, restaking & AVS, and many others.

Mainnet Launch: A New Era for OMNIA Protocol

The launch of OMNIA’s mainnet is one of the biggest milestones for the project. Built on security and transparency, the mainnet brings to life the protocol’s vision of enabling secure and private access to blockchain networks, while empowering users to interact with decentralized applications (dApps) without compromising on performance or safety.

OMNIA’s mainnet operates nodes within multiple Layer-1 (L1) and Layer-2 (L2) blockchains, ensuring broad compatibility with over 70 networks. This extensive integration enables users to seamlessly participate in DeFi activities, or build dApps across a range of blockchain ecosystems. Whether it’s executing trades, using decentralized exchanges (DEXs), or building decentralized applications (dApps), OMNIA’s infrastructure ensures fast and secure transactions that prioritize user protection.´

Staking Launch: Secure, Rewarding Opportunities for Users

Alongside the mainnet, OMNIA Protocol has also launched its staking platform, allowing users to earn rewards by monetizing their nodes via staking directly on the OMNIA dashboard. The staking contract is live on the BSC Mainnet (Binance Smart Chain), offering competitive Annual Percentage Yields (APY) that are enhanced for users who engage with NFT-related boosts. Anyone can simulate their rewards using the provided APY Calculator.

The staking platform is built with a heavy emphasis on security and governance. The smart contract has been audited by CertiK, a leading blockchain security firm, to ensure maximum protection for users. After this audit, OMNIA gained a staggering security score on the platform’s Skynet Ecosystem. Part of the security measures include the combo use of multi-signature (multisig) governance system with a timelock approach that enforces at contract-level the time window of 48h between a admin proposal and its executing, thus ensuring that any changes to the staking contract require approval from multiple admins and community has enough time to review the pending changes, providing an additional layer of transparency and safety.

Partnership with Team Finance: Strengthening Security

In addition to OMNIA’s native staking platform that secures the decentralized nodes deployed from the app dashboard, the protocol is partnering with Team Finance, part of Trustswap – a trusted name in the DeFi security space. Through this collaboration, users will be able to stake their tokens with added confidence, knowing that the underlying infrastructure has been built using battle-tested security tools. Team Finance specializes in secure token locks, liquidity pools, and other DeFi safety mechanisms, which complement OMNIA’s mission of providing a secure and decentralized staking environment. To complement the staking on BSC mainnet, this partnership will cover the staking on ETH mainnet within the staking.omniatech.io platform.

This collaboration highlights OMNIA’s commitment to safeguarding user funds while offering flexible and rewarding staking options. By working with Team Finance, OMNIA strengthens its ability to offer users peace of mind as they engage with the platform’s staking services.

A Focus on Security and Transparency

Security is at the forefront of OMNIA Protocol. The staking contract operates using multiple contracts and libraries, including a Timelock Admin and a StakingUtils Library, which handle essential tasks such as managing APY parameters and yield calculations.

All admin functions are controlled through a multisig wallet, which requires multiple signatures for approval. This setup ensures that no single entity can make unilateral changes to the staking protocol, adding a significant layer of protection for users. Moreover, thanks to a timelock contract, any proposed changes to the staking contract are subjected to a 48-hour review period, giving the community ample time to evaluate and respond.

Additionally, the entire source code for the staking contracts is publicly available on GitHub and BscScan, reinforcing OMNIA’s commitment to open-source development and transparency.

What’s Next for OMNIA?

The mainnet and staking launch are just the beginning for OMNIA Protocol. With its multi-cloud infrastructure approach (including partnerships with Microsoft Founders Hub, Amazon Web Services (AWS), Google, and several blockchain innovators) ensuring high availability and global reach, OMNIA is well-positioned to scale its services and onboard new users from across the world. The protocol’s ambitious roadmap includes further integrations with additional blockchains and creating its own AVS on EigenLayer ecosystem, aiming to drive the next wave of DeFi adoption.

By offering secure, high-performance staking solutions and partnering with industry leaders like Team Finance, OMNIA is setting a new standard for decentralized infrastructure. The launch of these services marks a pivotal moment for OMNIA’s journey and opens up new opportunities for users looking to engage with DeFi in a safe and rewarding environment. OMNIA Protocol seems to be amongst the very few who reward its users for using the infrastructure.

For more information on OMNIA’s mainnet and staking, visit the official OMNIA Dashboard.

Disclaimer

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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2024-10-14 11:36:28

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