Onomy Protocol is an interoperable Layer-1 ecosystem built to converge Forex and decentralized finance. Products include an innovative multi-chain wallet, bridge hub, a DEX supporting an orderbook experience fused with AMM liquidity pools, and a stablecoin issuance protocol

Onomy consists of five main parts:

Onomy Network: An application specific Layer 1 blockchain leveraging Tendermint BFT consensus, built with the Cosmos SDK.

Arc Bridge Hub: Powers bi-directional bridges to prominent blockchains in and outside of the Cosmos ecosystem — such as IBC enabled chains and Avalanche, Polygon, Moonbeam, etc.

Onomy Exchange (ONEX): A decentralized exchange that aims to replicate a traditional centralized exchange experience to settle the world’s high-volume demands on-chain, decentralized, and in a non-custodial fashion.

Onomy Access: A non-custodial multi-chain mobile wallet app through which users may manage all assets from integrated blockchains.

Onomy Reserve: Governs minting of decentralized stablecoins named Denoms. The Onomy DAO votes on various parameters, including collateralization ratios

The native coin of Onomy Protocol is $NOM. NOM is used to secure the network through staking, payment for transaction and bridge fees, as a collateral type for the minting of Denoms through the Onomy Reserve, and for governance in the Onomy DAO. NOM is heavily integrated into various products of the Onomy Ecosystem, such as they programmatic buy & burn utilizing AMM earnings fromt the Onomy Exchange.

When NOM holders delegate their NOM to a validator, they are staking. Staking provides rewards in return for delegating to validators who support the security and operations of a blockchain network.

$NOM is further integrated into products, such as the Onomy Exchange. The Onomy Exchange uniquely does not charge static fees to users who trade — instead, the AMM still collects fees by capturing the spread between the bid and the ask, as a normal market maker does. These earnings are then shared with LPs and used to programmatically buy and burn $NOM and deflate the overall supply over time without any central management whatsoever.

DAO (Decentralized Autonomous Organization) is an organization represented by rules encoded as a transparent computer program, controlled by the organization members, and not influenced by a central governing entity. As the rules are embedded into the code, no managers are needed, thus removing any bureaucracy or hierarchy hurdles.

Onomy is governed by the Onomy DAO**, providing NOM holders with the opportunity to guide the decision-making process through NOM-weighed votes**.

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Onomy Protocol is an interoperable Layer-1 ecosystem built to converge Forex and decentralized finance. Products include an innovative multi-chain wallet, bridge hub, a DEX supporting an orderbook experience fused with AMM liquidity pools, and a stablecoin issuance protocol

Onomy consists of five main parts:

Onomy Network: An application specific Layer 1 blockchain leveraging Tendermint BFT consensus, built with the Cosmos SDK.

Arc Bridge Hub: Powers bi-directional bridges to prominent blockchains in and outside of the Cosmos ecosystem — such as IBC enabled chains and Avalanche, Polygon, Moonbeam, etc.

Onomy Exchange (ONEX): A decentralized exchange that aims to replicate a traditional centralized exchange experience to settle the world’s high-volume demands on-chain, decentralized, and in a non-custodial fashion.

Onomy Access: A non-custodial multi-chain mobile wallet app through which users may manage all assets from integrated blockchains.

Onomy Reserve: Governs minting of decentralized stablecoins named Denoms. The Onomy DAO votes on various parameters, including collateralization ratios

The native coin of Onomy Protocol is $NOM. NOM is used to secure the network through staking, payment for transaction and bridge fees, as a collateral type for the minting of Denoms through the Onomy Reserve, and for governance in the Onomy DAO. NOM is heavily integrated into various products of the Onomy Ecosystem, such as they programmatic buy & burn utilizing AMM earnings fromt the Onomy Exchange.

When NOM holders delegate their NOM to a validator, they are staking. Staking provides rewards in return for delegating to validators who support the security and operations of a blockchain network.

$NOM is further integrated into products, such as the Onomy Exchange. The Onomy Exchange uniquely does not charge static fees to users who trade — instead, the AMM still collects fees by capturing the spread between the bid and the ask, as a normal market maker does. These earnings are then shared with LPs and used to programmatically buy and burn $NOM and deflate the overall supply over time without any central management whatsoever.

DAO (Decentralized Autonomous Organization) is an organization represented by rules encoded as a transparent computer program, controlled by the organization members, and not influenced by a central governing entity. As the rules are embedded into the code, no managers are needed, thus removing any bureaucracy or hierarchy hurdles.

Onomy is governed by the Onomy DAO**, providing NOM holders with the opportunity to guide the decision-making process through NOM-weighed votes**.

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