OCP Omni Consumer Protocols ($OCP) — An oracle solution, Defi conglomerate and application suite
Launch Date: Monday April 26th
Snapshot #1: Sunday April 25th, 5 AM UTC
Snapshot #2: Monday April 26th, 5 AM UTC
Public Sale Token Price: $0.10 BUSD
Allocation Round Open: Monday April 26th, 8 AM UTC
Public Sale (FCFS) Round Open: Monday April 26th, 1 PM UTC
Pancakeswap Listing Date/Time: Monday April 26th, Time TBA
Initial Token Supply: 100,000,000 $OCP (no max)
Tokens Available in BSCPAD Public Sale: 3,000,000 $OCP
Circulating Supply at Listing: 5,900,000 $OCP
Market Capitalization at Listing: $590,000 USD
Public Sale Vesting Schedule: Fully unlocked at TGE
At its core, Omni Consumer Protocols (OCP) is an oracle system based on an upgraded fork of UMA. Instead of relying on other developers to build out application level protocols however, the core team is launching with their own in-house application layers.
OCP aims to be the first DeFi DAO conglomerate with multiple interlinked protocols under the same family. Adopting this architecture from the outset allows our community to benefit not only from the underlying oracle, but from the individual applications and the overarching DAO as well.
What problems does it solve?
One of the biggest attack vectors in Decentralized Finance is Oracles. A number of hacks have taken place in the recent past that exploit Oracles and conduct flash loan based attacks. The UMA project on Ethereum has come up with a solution for the Oracle problem that works well against flashloan and Oracle based attacks. We intend to replicate this mechanism on Binance Smart Chain for the benefit of BSC based projects. However, the UMA protocol itself has several problems of it’s own which we have identified and are able to improve upon:
- The synthetic factory only allows contracts with fixed expiration dates
- A perpetual is in the works but has been delayed and may be not be viable at launch
- Protocol decision making is too centralized and slow
- Teams that develop a concept for a synthetic asset are expected to promote it under their own brand and source their own liquidity, hampering adoption
Our solution is a fully permissionless Uniswap-style product that allows anyone to mint any synth and leverage the underlying pool of collateral by paying a certain fee for access to the collateral pool and the Oracle system.
This system allows any sponsor to propose any synth for which there is a price feed in our Oracle system, and launch the synth using the existing common collateral pool. Sponsors would get a portion of the fees minted per synth, and the rest goes to the underlying DAO.
This solution ensures that those with ideas for synths can do so without worrying about where the collateral is going to come from. In addition, being BSC-native means we will be able to execute faster trading which provides further advantages to our solution.
While the Oracle layer sits at the core of Omni Consumer Protocols, the larger vision of the Protocol is to become a network of applications which develop independently and then form together into a cohesive whole.
OmniCOMP is a synthetic currency minter based on the OPM money market and built on Binance Smart Chain (BSC). Users can supply collateral, such as BNB, in order to mint synthetic currencies pegged to the dollar such as USDO (and soon other currencies).
Initial collateral (supply) assets include:
WBNB (65% LVR)
USDT (90% LVR)
USDC (90% LVR)
BUSD (90% LVR)
DAI (90% LVR)
CAKE (50% LVR)
PBTC (65% LVR)
This means if you supply 100 USDT as collateral you will be able to mint 90 USDO.
More assets will be added rapidly, followed by liquidity pool positions as well. Eventually, OmniCOMP will allow ANY asset to be supplied in a permissionless environment.
Omnitrade is a DEX with built in impermanent loss protection for LPs. Swap tokens and yield farm to your heart’s content whilst being protected as a liquidity provider. Omnitrade will also feature tight slippage tolerances, single sided staking and accurate pricing of assets.
The jewel of the OCP, Delta City will be the promise of blockchain, realised in a fully decentralised utopia. Create, trade and buy your stake in the OCP universe with unique items such as APY boosters and virtual real estate represented by NFT tokens.
OmniCOMP — decentralised synthetic minter on BSC
Revenue Passthrough for OmniCOMP Minter
To be revealed Omni subsidiaries
Burning Mechanism: Layered farming
Full interprotocol operability
World Domination (with partners)
That every person in DeFi has interacted with an OCP protocol
Website — https://ocp.finance
Telegram — https://t.me/ocpcorp
Twitter — https://twitter.com/omnic_pro
Important details about participation on BSCPad:
BSCPad uses a tiered model that requires users to hold at least 1000 $BSCPAD tokens to participate. For full details, review the landing page of our website at https://bscpad.com/.
Users must complete KYC verification before participating on BSCPad. For full details on completing this process, read our explainer article linked below. We have also included a list of restricted regions for easy reference.
Restricted Region List: Botswana, Cambodia, Central African Republic, Democratic People’s Republic of Korea, Republic of Seychelles, Ethiopia, Ghana, Iran, Iraq, Libya, Somalia, South Sudan, Sri Lanka, Syria, Sudan, Thailand, Trinidad and Tobago, Tunisia, Venezuela, Yemen, and the United States of America (herein “Prohibited Jurisdictions”)
Bronze and Silver tier members must complete additional social media engagement tasks in order to be whitelisted for each IDO. The requirements for this specific IDO are listed below:
Whitelist Requirements for Bronze and Silver Members:
1. Join the #OCP Telegram: https://t.me/ocpcorp
2. Follow #OCP on Twitter: https://twitter.com/omnic_pro
3. Follow #BSCPAD on Twitter: https://twitter.com/BSCPad
4. Put out a tweet (originating directly from your account) containing the #BSCPAD & #OCP hashtags and share the link in the whitelist.
5. Follow the steps inside the white list form:
Stay connected to our official outlets for the latest on all of our launchpad offerings!