Original Article: Binance
Original author: Binance
Omni Network (Omni) is a Layer 1 blockchain designed to integrate Ethereum's Rollup ecosystem into a unified system. With Omni, developers can build native global applications with access to all Ethereum liquidity and users by default.
OMNI is the native token of the Omni Network and plays the following roles in the protocol:
· Universal Gas Resources: OMNI is used as a payment mechanism to compensate relayers who submit transactions to the target Rollup.
· Omni EVM's Gas: OMNI is the native currency used to process transactions on the Omni EVM.
· NETWORK GOVERNANCE: OMNI STAKEHOLDERS WILL BE RESPONSIBLE FOR VARIOUS GOVERNANCE DECISIONS, SUCH AS PROTOCOL UPGRADES AND OTHER DEVELOPER FEATURES.
· Staking: The Omni protocol implements a dual staking model to ensure economic security. Security is a function of the total value of staking OMNI and re-staking ETH.
The agreement consists of the following main components:
· External Rollup: The source and destination networks that intersect the rollup messages.
· Omni Validator Nodes: A permissionless network of nodes that uses CometBFT consensus to validate cross-rollup messages and transactions on the Omni EVM. These nodes are secured using the total value of staking OMNI and re-staking ETH.
· Omni Blockchain: A single source of truth for all cross-rollup messages and Omni EVM transactions processed by the Omni validator.
· Relayer: A permissionless entity that submits the final crossover rollup message from the Omni network to the target rollup network.
The project has raised $18.1 million through two private token sales, with 9.1% of the total OMNI token supply being sold at $0.18/OMNI (seed round) and 11% of the total OMNI token supply being sold at $0.18/OMNI (seed round). $1.50/OMNI (Series A), which is 20.1% of the total supply of OMNI tokens sold in the private round.
As of April 12, 2024, OMNI has a total supply of 100, 000, 000, and a circulating supply of approximately 10, 391, 492 (approximately 10.39% of the total token supply) after listing.
Key Metrics: (As of April 12, 2024)
1. 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 and gains security from Ethereum through restaking.
1.1. What is the mission and value proposition of the project?
Project Mission
· Omni's mission is to return Ethereum to its role as a single, unified operating system for decentralized applications.
Project value proposition
· Ethereum's rollup-centric architecture forces the network to scale through an isolated execution environment. This has led to fragmentation of liquidity, users, and developers, and reduced Ethereum's network effects.
· With Omni, developers can program across multiple Ethereum Rollups, just as they would work in a single state machine. By default, applications built with the Omni EVM can exist in all Ethereum rollups, allowing developers to integrate all Ethereum liquidity and users into their applications.
1.2. Key Project Highlights
Dual staking model: Omni is a proof-of-stake network secured by the total value of re-staked ETH and staked OMNI.
Sub-second validation: Omni nodes use the CometBFT consensus to process cross-rollup messages and Omni EVM transactions in less than a second. Using alternative finalization mechanisms such as pre-confirmation and transaction insurance, Omni can provide sub-second finalization 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.
Backward compatibility: Applications can integrate Omni without modifying existing smart contracts. Instead, the application can use a modified front-end directive to send a cross-rollup message through Omni.
1.3. Products
Omni Origins Testnet (June-July 2023)
· Total transactions processed: 1.5 M
· Total number of unique users: 150 K
· State System Items: 4
Omni Overdrive Testnet (August – October 2023)
· Total number of transactions processed: 6 M
· Total number of unique users: 400 K
· Ecosystem Projects: 30
Omni Omega Testnet (March 2024-present)
· Total number of operators: 37
· Total number of retries delegated to Omni operators: 75, 600
2. Technical infrastructure
Modular Node Architecture: Omni has introduced a new node architecture (Octane) designed around the Ethereum Engine API. This creates a clear separation between each node's consensus and execution environment, while allowing nodes to use their existing Ethereum execution clients.
Integrated Consensus: The Omni validator uses CometBFT consensus and the ABCI++ voting extension to simultaneously validate cross-rollup messages and transactions on the Omni EVM.
Native Global Apps: The Omni EVM simplifies cross-rollup application development by dynamically propagating contracts and interfaces to any rollup. This approach to building cross-rollup applications allows developers to program cross-rollup applications in a single environment and minimizes the possibility of smart contract vulnerabilities due to the complexity of handling distributed states.
3. Token Sale and Economics
3.1. Token Distribution
3.2. Token Issuance Schedule
4. Roadmap and Updates
4.1 Completed Milestones
4.2. Current Roadmap
Q2 2024:
· Mainnet launches.
· Get started with the Liquid Restake protocol and EigenLayer operators.
· Token generation events.
· The first 11 B+ promises to deploy xERC 20 secured by Omni.
Q3 2024:
· Batch launch native global applications (NGAs) deployed on the Omni EVM.
· Multi-rollup declarative deployment for smart contracts that facilitates a kubernetes-like developer experience to scale applications across all Rolls.
· Typescript front-end library for deploying native multi-rollup applications that work seamlessly across all rollups.
Q4 2024:
· Expand the Omni Network to include alternative data availability systems such as EigenDA and Celestia.
· Proof sharding increases the rollup capacity of the network by an order of magnitude.
· Join an MPC provider that provides institutional users with access to all Ethereum Rollups.
4.3. Business and Business Development Progress
1. Ethereum L2:
· 例子：Arbitrum, Optimism, Polygon, Linea, Scroll, zkSync, Mantle, Metis, Base, Plume, etc.
· Definition: Layer 2 blockchains extend the Ethereum network.
· Scope: Native integration to guarantee access across Ethereum's expanding L2 ecosystem.
2. Liquid Reinjection Protocol:
· 例子:EtherFi, Renzo, Buffer, Swell, Kelp, EigenPie, Bedrock, etc.
· Definition: The Liquidity Repledge Protocol is a liquidity derivatives platform built on top of EigenLayer. They act as an interface to the EigenLayer ecosystem by securing active validation services (AVS) such as Omni and provide users with higher yields than ETH staking.
· Scope: Omni has received Ethereum commitments worth over $1 billion in total to ensure that the Omni network is protected from the aforementioned leading re-staking protocols.
3. EigenLayer:
· Definition: EigenLayer is an Ethereum-based protocol that introduces restake, a new primitive in cryptoeconomic security. The primitive allows for the reuse of ETH on the consensus layer. Users who natively stake ETH or use liquid staking tokens (LST) can choose to join the EigenLayer smart contract to re-stake their ETH or LST, and extend cryptoeconomic security to other applications on the network to earn additional rewards.
· Scope: Omni Network is a blockchain secured by re-staking enabled by EigenLayer. More than 50, 000 individual stakers have entrusted Ethereum to secure Omni through the Eigen Layer on the testnet.
4. Rollup-as-a-Service Provider:
· 例子:Conduit, Caldera, Ankr, AltLayer.
· Definition: A RaaS provider allows anyone to deploy a rollup. They provide an all-in-one infrastructure that enables customers to deploy quickly on the Ethereum mainnet.
· Scope: A native component in a RaaS package that provides instant, out-of-the-box interoperability for any developer using a RaaS provider.
5. Infrastructure Partners:
· 例子: A41, Galaxy, Blockdaemon, Kiln, Anchor, ETC.
· Definition: A core infrastructure partner that provides validator, node, and carrier services to Omni.
· Scope: The Omni infrastructure partners listed above have committed to securing the Omni network by accepting delegations from Omni stakers and Ethereum retakes.
5. Community
Website |Twitter|Discord|blog|Telegram|Linkedin
6. Appendix
· Omni Network on The Edge podcast
· Solving Fragmentation in the Rollup-Centric Paradigm