#短的投研 | #Layer1 | $OMNI brings Ethereum back to unity

Overview: As the types of Ethereum Layer2 increase and become more popular, liquidity, users, and developers begin to disperse across different ecosystems. In order to prevent the network effect of Ethereum from being weakened, OMNI will build a decentralized and unified blockchain network for the Ethereum Rollup network.

Features: OMNI can aggregate cross-chain liquidity of Ethereum Layer2, use Ethereum Restaking to ensure security, has high performance, backward compatibility, and is endorsed by #Binance (already launched on Launchpool).

Token: $OMNI is the Gas token of the Omni network, and also provides staking and network governance functions.

Financing: Omni has successfully raised $18 million, led by Pantera Capital, with participation from Coinbase Ventures, Spartan Group, DeFiance Capital, Hashed, Jump Capital and other institutions.

🧵 👇 Investment Research Report:

Unified Rollup Layer2:

1. Cross-chain communication: enabling users and applications to interact across multiple networks and protocols.

2. Centralized liquidity: Based on the convenience of cross-chain, the centralization of liquidity is achieved.

3. Unified development standards: Provide developers with a unified and standard communication protocol so that their applications can adapt to all Rollup-based networks.

Using Restaking to ensure network security:

After Ethereum switched from Proof of Work (PoW) to Proof of Stake (PoS), validators are required to participate in the network's verification process by staking a certain amount of $ETH. If validators attempt to cheat or fail to follow the rules, their staked funds will be confiscated. The network is secured through economic incentives and penalty mechanisms, while Restaking allows stakers to re-stake their $ETH to provide pooled security across multiple services.

Omni allows Ethereum stakers to regain their $ETH within the Omni ecosystem. Omni can leverage Ethereum's massive security budget to significantly enhance its own security without the limitations of other interoperability solutions. At the same time, Omni adopts a double pledge mechanism, combining re-pledged $ETH and pledged $OMNI tokens to provide a layered security model. This approach not only allows Omni to inherit Ethereum’s vast security resources, but also allows it to expand its security budget over time as more and more OMNI tokens are staked.

$OMNI is used as Gas to adapt to Rollup Layer2:

Executing transactions on different Rollup Layer2s requires users to own the native token of each network to pay for gas fees. This requirement complicates the user experience, especially in a multi-chain environment where users interact with various decentralized applications (dApps) distributed across multiple platforms.

On Omni, no matter which aggregation or chain the transaction occurs on, users only need to use $OMNI as Gas to pay network fees, and they can trade seamlessly without having to worry about the specific Gas tokens of each network. At the same time, $OMNI acts as a universal "fuel" in the blockchain world, powering transactions between different networks without the friction of multiple currencies.

Sub-second verification:

Thanks to OMNI's unique two-layer architecture design: consensus layer + execution layer, performance and scalability are improved without compromising security. The dual-chain structure enables Omni to efficiently process transactions and manage global status across multiple networks.

The consensus layer is powered by the CometBFT consensus engine. This layer is where validators come together to agree on the state of the network, ensuring that every transaction is valid and the global state of all connected networks is finalized within seconds. Using CometBFT, once a transaction is included in a block, it is considered final and no additional confirmation is required.

At the execution layer, Omni EVM is used to process transactions in its memory pool, thereby achieving high throughput without overloading the network. Existing Ethereum execution clients (such as Geth, Besu, Erigon) are used to ensure stability and the latest features, and to guarantee compatibility with Ethereum. In addition, Omni EVM supports EIP-1559, supports dynamic transaction fees and partial fee destruction, and optimizes network usage costs.

This dual-chain structure combined makes Omni's sub-second finality possible. Validators effectively prove the state of the external rollup virtual machine, ensuring seamless state transitions and unified state management. Separating consensus and operations expands activity across its network and connected rollups. This architecture not only reduces the risk of network congestion, but also enhances the security and reliability of cross-network transactions.

Summarize:

Omni aims to connect all Rollup Layer2s, providing an EVM-compatible infrastructure layer by leveraging the power of EigenLayer/Restaking, thereby enabling seamless integration of Rollup Layer2s such as Optimism, Arbitrum, zkSync, and Starkware. This integration not only significantly speeds up transaction processing, but also enables developers to build global applications that can be used in all Rollups.

According to the number of tokens mined this time and the mining rate of 2% in the previous Launchpool, the price of $OMNI token is around 80U. However, the market has fluctuated greatly in the past two days, so the price of 50U should be acceptable.

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