OMNIA: Specialized RPC Provider for Smart DeFi Traders

Abstract

OMNIA Protocol is a decentralized infrastructure protocol for securely accessing the blockchain.

It offers users a fast, secure, and free RPC endpoint service, along with a highly practical premium subscription service for DeFi traders.

It has supported over 70 networks with more than 8.2 million monthly active users.

The native token of OMNIA Protocol is OMNIA, with a total supply of 100 million.

What Is OMNIA

OMNIA Protocol is a decentralized infrastructure protocol for securely accessing the blockchain. It allows anyone to earn rewards by hosting and maintaining a node on a specific blockchain. OMNIA Protocol provides DeFi traders with RPC services, seamlessly connecting wallets or dApps to nodes. It addresses several key issues in DeFi, including frontrunning and MEV (Maximum Extractable Value) extraction. It also includes advanced features such as robust transaction broadcasting to ensure that users complete transactions quickly in a secure environment.

Underlying Technologies and Ecological Advantages of OMNIA

Node owners can register their nodes through the web interface provided by OMNIA so that these nodes can be securely searched. The users of Omnia can customize their own subscription plan, depending on their blockchain request rate needs. As a result, users receive access to secure RPC endpoints (either HTTP or WSS) for any of the blockchain networks that it supports.

A node verification protocol will assure that node owners do not act maliciously or against the user's interest. By staking an amount of OMNIA tokens, proportional with the blockchain requests that are actively serving, a node provider risks its stake being slashed in case of misbehavior. Therefore, by causing higher self-damage than the potential gain, any attack is economically unfeasible. On top, there are multiple controls that could be enabled in the channel between the user and validators, making it possible to stop phishing emails, malicious token approval, and many others.

From a product perspective, OMNIA offers a free, fast, and secure public RPC endpoint service where users' privacy is protected. In addition, OMNIA also provides a subscription service with advanced features, offering frontrunning protection, token approval protection, honeypot protection, reinforced transactions, MEV cashback, and more. Currently, OMNIA Protocol has supported over 70 networks with more than 8.2 million monthly active users, over 35 B2B clients, daily RPC calls exceeding one billion, and over $3 billion in monthly processed volume.

OMNIA Tokenomics

OMNIA Protocol's native token is OMNIA, with a total supply of 100 million tokens. The token distribution is as follows: 14% for the seed round, 4.3% for VCs, 6.3% for partners, 5.4% for strategic partners, 1% for KOLs, 2% for the community, 6% for advisors, 18% for liquidity, 25% for nodes, 13% for the team, and 4% for marketing.

OMNIA offers the following utilities:

1. Fee reduction for token holders: Omnia provides a secure blockchain nodes infrastructure, and token holders can enjoy fee reduction when choosing Omnia services: 20,000 tokens will equate to a 10% fee reduction; 80,000 tokens will equate to a 15% fee reduction; and 200,000 tokens will equate to a 25% fee reduction. It should be noted that the above token amounts are subject to change due to the token's increasing value.

2. Access premium Omnia services: Users can access premium Omnia services by spending OMNIA tokens. Additionally, those who hold OMNIA tokens will have access to Omnia's exclusive features.

3. Benefit from staking: Each node and relayer have to stake OMNIA tokens to join the network and will be rewarded in OMNIA tokens. However, they must commit to specific performance metrics, and the incentives will be reduced if they do not meet the conditions. Dynamic pricing will temporarily boost node rewards when there are very few available.

4. Other features: By contributing the tokens to the DEX liquidity pools, token holders will ensure that users can trade OMNIA tokens when needed and earn rewards. In addition, referral and reward systems use only OMNIA tokens.

Closing Thought

Overall, as a decentralized infrastructure for users to securely access the blockchain, OMNIA Protocol offers users a free, fast, and secure RPC endpoint service as well as a range of highly practical premium features that fully meet the specific needs of DeFi service providers. At present, OMNIA Protocol supports over 70 networks with more than 8.2 million monthly active users. As it continues to develop, OMNIA Protocol is expected to have great future potential.