Open Monetary System
Decentralised finance ecosystem
Status
Not set
Intent
Intent
Live on
Ethereum
Category
DeFi
Integrations
Keepers
Data Feeds
Year
2021
Social
Chainlink Integrations
Open Monetary System (OMS) will integrate Chainlink Keepers and Price Feeds to Power Rebasing Mechanism
Read more
Keepers
Data Feeds
August 23, 2021
About
Open Monetary System

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Decentralized Finance (DeFi) has rapidly emerged as a means to allow anyone global access to markets that would not be typically available in traditional finance systems. Built on immutable blockchain technology, DeFi has enabled a global audience to access a range of financial instruments including lending, borrowing, and decentralized trading that have previously been restricted by jurisdiction or locality. OMS seeks to add to the DeFi ecosystem by introducing an Ethereum based suite of products that allow for the virtualisation of real-world assets into crypto derivatives.

The first part of the OMS ecosystem — the fully audited elastic supply OMS token was released on 6th June and listed on the Uniswap exchange.

OMS has already reached several milestones, including a new staking program called the Cascade which has one of the highest yield returns in the DeFi ecosystem.

But there is so much more in progress in the coming months…

To learn more about Open Monetary System (OMS) and stay up to date with the project’s development, follow us on our official communication channels

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About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link

Want to discuss an integration?

If you’re integrating Chainlink, please get in touch.

Keepers
Data Feeds
DeFi