Why Is OMINO Finance So Special ?
This article will demonstrate why OMINO FINANCE is unique and superior to the majority of decentralized finance projects.
Everybody is familiar with PancakeSwap, a platform that rewards users with the native token called CAKE. The issue is that the large liquidity providers, known as whales, are receiving an absurd amount of CAKE in a short period of time, and they are all selling the tokens they receive for free. As a result, the price decreases, affecting small liquidity providers. Investors in some cases lost more than 50% in less than 24 hours.
How is OMINO FINANCE different and why it is not possible to loss if you choose OMINO Finance as your liquidity provider.
To mitigate the risk of OMINO price volatility, all pool rewards are automatically converted to BNB at 00:00 UTC by the smart contract, and BNB is distributed to liquidity providers as a reward. To ensure token price stability, the smart contract will attempt to convert OMINO rewards to BNB on a daily basis at 00:00 UTC. If the OMINO price changes by more than 2.5 percent, the maximum amount of OMINO that does not affect the price will be exchanged for BNB, with the remainder distributed in the following day’s rewards. After seven days, if there are still unclaimed OMINO rewards, the governance of the DeFi yield protocol will vote on whether the remaining OMINO should be distributed to token holders or burned (all burned tokens are removed from circulation). Consider the following example: If 1 OMINO is $2, you own 1000 OMINO at a market price of $2000, and you contribute liquidity to the OMINO-BNB pool, which pays out 250,000 OMINO per month. That is, if the BNB price is $350, you will add 1000 OMINO and 5.71 BNB. If your liquidity represents 1% of the pool, you will receive a monthly reward of 2500 OMINO tokens. To ensure the token’s price stability, you are not permitted to exchange your 2500 OMINO reward for BNB; instead, our smart contract will automatically exchange your OMINO reward for BNB and distribute it to your assigned address. If the price of OMINO changes by more than 2.5 percent, the maximum amount of OMINO that does not affect the price will be swapped to BNB and distributed to your assigned address.
If we have not distributed OMINO rewards after seven days, the DeFi yield protocol governance (the community) will vote on whether the remaining OMINO should be distributed to token holders or burned. With this one-of-a-kind mechanism for rewarding liquidity providers, both investors and the token price are protected from loss of money and value. This article was written to share our vision for OMINO liquidity mining, as well as some background on our team, and to demonstrate to our readers why they should trust us. In the following articles, we will discuss Asset Staking and yield farming for users, which is the token’s next critical feature for long-term profitability.
