Omm will transition into Liquid Staking protocol for the ICON ecosystem by merging with sICX team.
Details of the new protocol design is shared below:
- The default delegation preference of sICX will be based on bOMM weight across validators
- sICX holders will be able to override the default preference and choose their own preferred validators
- 10% of sICX staking yield will be charged as fee (Lido example )
- 10% of the fees will go to the sICX team wallet
- 50% of the fees will go to the DAO fund
- 50% of the DAO fund will go to a wallet for a group of individuals and organizations who supported the recovery process
- 40% of the fees will go to bOMM delegated validators based on their bOMM delegation