{"type": "project", "title": "OmniFlux", "logoImg": "bafkreif76vz65hfhdt5clrrhxfx3v5msdqqgvsm276vrfadty66wf22rly", "website": "https://omniflux.finance", "bannerImg": "bafkreibpat3tvbllqm7pzlofzdreet42k6pv3fzdq2mrtdzrmnedznvecm", "createdAt": 1700123688175, "userGithub": "OmniFluxProtocol", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..3MTIVn0sBcbotd3sE_XVYwWV1mj7zy6pIywRVyvn7shJupPVPSGv-j-J5Zi_DrVyj8KMMCP_Tiozpy14X2cBBA", "type": "Ed25519Signature2018", "created": "2023-11-16T09:04:07.125Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-11-16T09:04:07.125Z", "expirationDate": "2024-02-14T09:04:07.125Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xFb8606FF39155aca7e7c06F87AE5Fd4a18628EBf", "hash": "v0.0.0:o5swIfDO3Kru7/cx9N8jIYnqnlJMDn3Eodr5+HCqcso=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#OmniFluxFi#146505022"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..T4VdPCUnZLqtveKEYvwUPXBeGJwD4sf7Ev9SFsefVsvkbjAjk4CrRpKyyFTGFhWqGsW8SgUOpdOVsexL7w1OBw", "type": "Ed25519Signature2018", "created": "2023-11-16T08:25:15.508Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-11-16T08:25:15.507Z", "expirationDate": "2024-02-14T08:25:15.507Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xFb8606FF39155aca7e7c06F87AE5Fd4a18628EBf", "hash": "v0.0.0:1Uwj6xfMSysY8ukJnkFE/dMAT/MsP9yM1KEZF7JiONw=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#OmniFluxFi"}}}, "description": "OmniFlux Finance\n\nOmniFlux stands as a token and liquidity transport protocol, dedicated to establishing an open standard facilitating seamless token operations across multiple blockchain networks. Our core mission revolves around providing token developers with a universal framework, empowering them to create tokens that transcend single-chain limitations.\n\nThrough our protocol, developers can integrate BridgeAdapters such as LayerZero, Axelar, and Omni deployment. This integration enables the minting and burning of tokens, establishing a fluid and efficient transfer mechanism that effortlessly spans across diverse blockchain environments.\n\nCentral to our offering is a comprehensive, permissionless User Interface, designed to empower users with the capability to transfer any token aligned with our standard. Notably, token teams and developers retain complete autonomy throughout the entire token development process; our involvement/permission is not a prerequisite for their success.\n\nCurrent Stage\n\nWe have just closed our 1st Testnet which was working with one General Message Passing Provider, Omni (\n), we were live on Omni Network, Arbitrum Goerli, and Optimism Goerli from 26 OCT to 11 Nov, Below are the stats for it\n\nOmni Network\nAddress: 0xe543dF75C1283A2B023F42f49640c37F10C7c1CB\nHolders: 96272 holders\nTransactions/transfers: 265344\n\nArbitrum\nAddress: https://goerli.arbiscan.io/token/0xF75759FD60C2B017a553e9B9452D45b8547f6E30\nHolders: 106656 holders\nTransactions/transfers: 128826\n\nOptimism\nAddress: https://goerli-optimism.etherscan.io/token/0x4AE7298d7EdAd7f1b0daBdA4407fbabf78E2D59b\nHolders: 106502 holders\nTransactions/transfers: 126944\n\nTotal transactions completed on OmniFlux\n521K Txns (more than half million transactions)\nHow it works: \n\nProblems Developer Faces with Omnichain Token (Token operating between multiple chains)\n\n- Liquidity: Token issuers must continuously incentivize liquidity for each new bridge/chain AND require all end users to take slippage when transferring.\n\n- Fungibility: Each time new bridges transfer a token, they each deploy their own version of the token, fragmenting liquidity and creating a broken user experience.\n\n- Sovereignty: Whenever a bridge mints their version of a token, the token issuer loses control over the token contract on that chain.\n\n- Lock In: Other proposed solutions to this problem require you to lock yourself into a single bridge and its security model forever.\n\n- Complete stack: Other proposed solution to this problem doesn't provide permissionless stack to use their resources, like frontend to execute the transfers between chain\n\nSolution we Offer\n\n- Liquidity: For Token supporting our standard their won't be need to maintain liquidity, also tokens will be transferred on 1:1 ratio, i.e no slippage\n\n- Fungibility: Each BridgeAdapter uses the same version of token, so liquidity wont get fragmented \n\n- Sovereignty: Developers own the contract \n\n- Lock In: There will be no Lock-in with a single provider, token issure/developer can allow/remove any BridgeAdapter at anytime, also users can select their preferred GMP provider from our UI\n\n- Complete stack: We offer a permissionless stack, from token deployment to using our UI with new tokens, everything is permissionless and works seemlessly\n\nImportant Links: \n\nWebsite: https://www.omniflux.finance/\nTwitter: https://twitter.com/OmniFluxFi\nMedium: https://medium.com/@omnifluxprotocol\nHow does it works: https://medium.com/@omnifluxprotocol/omniflux-on-omni-overdrive-a-roll-up-mission-on-omni-343cf883c1b3\n", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "OmniFluxFi", "projectTwitter": "OmniFluxFi"}
OmniFlux
OmniFlux Finance

OmniFlux stands as a token and liquidity transport protocol, dedicated to establishing an open standard facilitating seamless token operations across multiple blockchain networks. Our core mission revolves around providing token developers with a universal framework, empowering them to create tokens that transcend single-chain limitations.

Through our protocol, developers can integrate BridgeAdapters such as LayerZero, Axelar, and Omni deployment. This integration enables the minting and burning of tokens, establishing a fluid and efficient transfer mechanism that effortlessly spans across diverse blockchain environments.

Central to our offering is a comprehensive, permissionless User Interface, designed to empower users with the capability to transfer any token aligned with our standard. Notably, token teams and developers retain complete autonomy throughout the entire token development process; our involvement/permission is not a prerequisite for their success.

Current Stage

We have just closed our 1st Testnet which was working with one General Message Passing Provider, Omni (
), we were live on Omni Network, Arbitrum Goerli, and Optimism Goerli from 26 OCT to 11 Nov, Below are the stats for it

Omni Network
Address: 0xe543dF75C1283A2B023F42f49640c37F10C7c1CB
Holders: 96272 holders
Transactions/transfers: 265344

Arbitrum
Address: https://goerli.arbiscan.io/token/0xF75759FD60C2B017a553e9B9452D45b8547f6E30
Holders: 106656 holders
Transactions/transfers: 128826

Optimism
Address: https://goerli-optimism.etherscan.io/token/0x4AE7298d7EdAd7f1b0daBdA4407fbabf78E2D59b
Holders: 106502 holders
Transactions/transfers: 126944

Total transactions completed on OmniFlux
521K Txns (more than half million transactions)
How it works: 

Problems Developer Faces with Omnichain Token (Token operating between multiple chains)

- Liquidity: Token issuers must continuously incentivize liquidity for each new bridge/chain AND require all end users to take slippage when transferring.

- Fungibility: Each time new bridges transfer a token, they each deploy their own version of the token, fragmenting liquidity and creating a broken user experience.

- Sovereignty: Whenever a bridge mints their version of a token, the token issuer loses control over the token contract on that chain.

- Lock In: Other proposed solutions to this problem require you to lock yourself into a single bridge and its security model forever.

- Complete stack: Other proposed solution to this problem doesn't provide permissionless stack to use their resources, like frontend to execute the transfers between chain

Solution we Offer

- Liquidity: For Token supporting our standard their won't be need to maintain liquidity, also tokens will be transferred on 1:1 ratio, i.e no slippage

- Fungibility: Each BridgeAdapter uses the same version of token, so liquidity wont get fragmented 

- Sovereignty: Developers own the contract 

- Lock In: There will be no Lock-in with a single provider, token issure/developer can allow/remove any BridgeAdapter at anytime, also users can select their preferred GMP provider from our UI

- Complete stack: We offer a permissionless stack, from token deployment to using our UI with new tokens, everything is permissionless and works seemlessly

Important Links: 

Website: https://www.omniflux.finance/
Twitter: https://twitter.com/OmniFluxFi
Medium: https://medium.com/@omnifluxprotocol
How does it works: https://medium.com/@omnifluxprotocol/omniflux-on-omni-overdrive-a-roll-up-mission-on-omni-343cf883c1b3

OmniFlux