What if you could supercharge your liquidity? ​ Instead of just swap fees, you could earn lending fees as well, while never having to move your LP around. ​ @omnipair is building the next generation of liquidity provision as we know it. 📃👇 So what is Omni? ​ TL;DR: Omni is a decentralized, immutable protocol on Solana for spot and margin trading, designed for permissionless isolated-collateral markets without the need for oracles, utilizing Exponential Moving Average (EMA) instead. ​ Omni allows anyone to lend, borrow, and trade any token with leverage, all from one Generalized Automated Market Maker (GAMM). ​ Omni brings a lot of innovation to the table. Let me explain how it all works. ​ GAMM is an advanced version of regular Automated Market Makers (AMMs) you are well familiar with. ​ They are used on-chain basically everywhere, mainly designed to allow for constant liquidity without a direct buyer, as we are used to with order books, which are used on CEXes and in TradFi and Forex in general. ​ AMMs aren't efficient; however, you have issues like Impermanent Loss (IL), but also have a lot of liquidity sitting idle, not being utilized as much as it could. This is where Omni steps in with their GAMM. Compared to AMMs, GAMMs integrate constant-product AMM functionality with isolated lending logic. This enables a single pool to support both spot trading and margin borrowing without relying on oracles or centralized risk configurations. ​ Each pool holds a token pair with the following functions: ​ 🔹Swap functionality via spot prices. 🔹Margin borrowing based on time-weighted EMA prices. 🔹Interest accrual via utilization-based dynamic rates. 🔹Liquidation through write-offs and streaming collateral. ​ Bringing borrowing and LP provision together brings risk with price manipulation, especially as any token can be used, even if the total market cap of this token is very low. ​ This is why Omni uses an exponential moving average. This means the price must remain at a certain level for a period of time before a liquidation can occur (to be set by the pool creator, must be at least three minutes). ​ EMA has its shortcomings, as users can anticipate upcoming liquidations and borrow against it, profiting from the upside once the position is liquidated. ​ Omni's fix to this is quite simple: dynamic fees. ​ If you take away the economic incentive, you take away the reason to attack. ​ By setting these fees only for new positions based on ongoing liquidation risks of existing positions and calculating fees for existing positions separately, they don't get an increased liquidation risk and cost just because another user is being liquidated. ​ GAMM is set to create the best trade-off between bad debt and borrowers' collateral risk, and EMA is an essential part of this functionality. ​ Using the mechanics provided by AMM pools, you're also able to leverage short or long any token by looping, which will create a lot of opportunity in the Solana ecosystem, especially considering that 95% of traded volume is from sub $1B market cap tokens, of which very few can be traded with leverage. Omni is offering a multitude of services that are heavily demanded in crypto while also allowing liquidity providers higher yields on their assets. ​ $OMFG is the token behind Omnipair and is used as the governance token of the ecosystem, but there is a twist. ​ Omni is taking a novel approach with governance, allowing both token holders and non-token holders to influence different aspects of the protocol. ​ $OMFG holders can direct protocol-level settings like protocol fees, timelock durations, proposal costs, and required bond sizes, while other decisions are directed via Futarchy proposals. ​ This is how Futarchy proposals work: ​ 1️⃣ A proposal is created with two or more policy options. 2️⃣ Prediction markets open; anyone can trade on which policy will perform better. 3️⃣ The market selects the winning outcome. 4️⃣ The winning policy is executed on-chain. ​ Most notably, Futarchy proposals decide whether new $OMFG tokens are minted and where treasury allocations are put. ​ Both can have a serious impact, although pool creators can veto $OMFG vote outcomes on their specific pools. ​ $OMFG is currently trading around a $5M market cap. Strong developers back the project, their product could change the whole ecosystem, especially on Solana, and I think they can be successful in getting the attention they deserve. We've already seen large swings in market share happen fast on Solana, and I believe Omni can help folks to make use of that and even make the on-chain trading more efficient, making $OMFG an insanely good R:R bet on their success. ​ I hope you enjoyed this post 🫡 ​ These posts take a long time, so I'd appreciate it if you could like and retweet it.