OIP 11: Karma Bond Proposal 1

Dear Omm community, following on from our previous post (Initiate the launch of 3 OMM Bonds) and working with the Omm early contributors, we’d like to make a governance proposal to initiate the launch of 3 OMM Bonds via Karma Bond for the Omm protocol:




Each bond will have following configurations:

  • $10,000 worth of OMM tokens to be paid out (totalling in $30,000) which on the day of the proposal results in 584,795 OMM per bond, taking 0,0171 USD market price (15.09.2022) in to consideration
  • Capped with a maximum bond discount of 10%
  • 7-day vesting period
  • Max amount of OMM sold to user per bonding action will be ~$250 worth of OMM which results in 14,619 OMM, taking 0,0171 USD market price (15.09.2022) in to consideration
  • Sensitivity set in a way to keep discount floating around 0% if $1000 is bonded per day

584,795 OMM OMM tokens will be transferred to the each of the following custom treasuries created for OMM bonds:

  • OMM/sICX: cxd13a2686804910374e3bac15cfc7277a0eba0840
  • OMM/USDS: cx817992d73ba24cb22f7a1d8702dc033322b8bfe9
  • OMM/IUSDC: cx2a3dbe2fe8616a3fa1805e0c942e50a4b2703558

Target date is 20.09.2022 if proposal is approved.

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