Omphalos (OMPL)

What is Omphalos

Introducing the new asset, Omphalos, to act as the base currency for a decentralized financial system. Our model comprised some of the most exciting ideas to make it. MakerDAO brought in stable token DAI with community governance - a decentralized token of fixed fiat value. And with a new protocol, Ampleforth, as a synthetic commodity, “propagates nominal exchange-rate information into token supply”, offering dynamic token price with low volatility. By combining this uncorrelated protocol with Bitcoin and DAO governance, we also season it by integrating with the Polkadot multi-chain framework, the most “advanced infrastructure for security, scalability, and innovative architecture”, Omphalos will eventually become interoperable with other blockchains.

In ancient Greek, Omphalos means the navel of the world. In the DeFi world, Omphalos will be the cornerstone of decentralized autonomous communities and open financial applications.

Today, cryptocurrencies remain dangerously volatile, and most DeFi platforms are difficult to use, hindering user experience and impeding public adoption.

Omphalos is poised to change that with the five pillars:

The Omphalos Protocol will soon be launch and will evolve to a fully functional product overtime. To accomplish this, we believe that the community must come together to collaborate. If you are working on DeFi application and interoperability solution, we encourage you to join us.