Omm Tokens price

OMM

Omm is home to sICX, a liquid staking token for ICX (ICON’s native cryptocurrency). Use Omm to convert ICX to sICX, then hold it to earn ICON staking rewards without locking up your funds – or even needing to lift a finger.

Every sICX you hold entitles you to a share of the ICX staking pool, and Omm claims and stakes rewards daily, so the ICX value of sICX increases over time. When you need ICX again, you can pay a 1% fee to swap sICX for ICX instantly.

sICX represents staked ICX, so it holds voting power in ICON’s governance system. By default, bOMM holders decide where those votes go, but you can use Omm to manage your delegation and see which validators offer voting incentives.