BINANCE’S 52nd LAUNCHPOOL PROJECT SIGNALS A NEW ERA IN THE ETHEREUM ROLLUP ECOSYSTEM ($OMNI)

by Ouess

Binance has announced the 52nd project on Binance Launchpool OMNI Network $OMNI , a layer 1 blockchain designed to integrate Ethereum’s rollup ecosystem into a single, unified system.

Users will be able to stake their BNB and FDUSD into separate pools to farm OMNI tokens over four days, with farming starting from 2024-04-13 00:00 (UTC).

Binance will then list OMNI at 2024-04-17 12:00 (UTC) and open trading with OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY trading pairs. You can have more information through the official announcement webpage.

https://www.binance.com/en/support/announcement/introducing-omni-network-omni-on-binance-launchpool-farm-omni-by-staking-bnb-and-fdusd-3954d04933da443ab539ca38616013de

What is Omni Network?

  • Omni is Ethereum’s integrated rollup layer that allows developers to build unified applications across all Ethereum scaling solutions. It is powered by a novel blockchain architecture that supports sub-second finality with security derived from Ethereum through restaking.

Project Key Highlights

  • Dual Staking Model: Omni is a Proof-of-Stake network secured by the combined value of restaked ETH and staked OMNI.
  • Sub-Second Verification: Omni nodes use CometBFT consensus to process cross-rollup messages and Omni EVM transactions in under one second. Using alternative finality mechanisms, such as pre-confirmations and transaction insurance, Omni can provide sub-second finality for cross-rollup messages.
  • Diverse Rollup Support: Omni is designed with minimal integration requirements to ensure compatibility with any rollup virtual machine, programming language, and data availability architecture.
  • Backwards Compatibility: Applications can integrate Omni without modifying their existing smart contracts. Instead, applications can employ modified frontend instructions to send cross-rollup messages through Omni.

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