Description
The ICX cryptocurrency powers the ICON blockchain. Staking ICX allows users to earn interest, but it requires locking up the tokens, voting for ICON validators, and rewards do not auto-compound. Omm provides a simpler alternative by converting ICX to sICX, a liquid token that increases in ICX value while remaining usable. Users can instantly swap sICX back to ICX for a 1% fee. sICX also holds ICON voting power, allowing users to choose which validators benefit. Additionally, by locking up OMM tokens to hold bOMM, the governance token, users can vote on proposals, influence sICX voting delegation, and affect how much validators earn from protocol fees.