The Project uses Chainlink Oracle for pricing
The Project uses Custom Web3Model Theme
The UI deployed in github.com/warproxxx/omnia-ui is a fully functional MVP using Web3Modal and hits crux of DeFi Challange
It uses chainlink Oracles
Our Project is a DeFi Protocol with efficient hedging and capital usage mechanism to allow multiple actions
Omnia is a Highly Efficient DeFi protocol that integrates hedging and complex market-making logic to provide multiple services to ERC20 assets from a single vault.
The currently deployed Vault uses a hold-out grid trading logic to use a small percentage of its capital to make volume thousands of times bigger without any Impermanent Loss by exposing less than 5% of the Vault to market risk.
Furthermore, it provides duration-based ERC20 loans at an LTV, unheard of in DeFi, with no additional risk to the LPs (apart from funding rate risks which can be integrated into APR) or the risk of liquidation to borrowers. It does so by hedging the LP position in the perpetual swap market if no other vault action has hedged it and the position nears negative equity.
We believe that the current DeFi Vaults are too disconnected and don't allow or do complex action that is core to the success of many centralized entities. We believe this is the biggest reason why providing 0.3% to LPs still results in unprofitability and selling tail risk and protocol as yield is popular.
Thus we create a skeleton to a direction in which complex strategies and hedging logic can be created in Vaults and executed seamlessly for the user. We envision Omnia as an ecosystem where different Vaults use different strategies, metrics, and hedging logic, like selling options and perps, to deal with different assets and create a one-stop shop for different action for the user.