The Omni Foundation has launched a $10 million incentive program aimed at promoting the next adoption of Crypto:
In its announcement, the Omni Foundation said the $10 million reward program, published with support for symbiosis, will drive the future of crypto users’ experience and growth.
The OMNI Network Team is taking this step through Solvernet, a cross-chain application and user experience solution. The incentive program comes a week after the Omni Foundation launched its “Hello, New World” campaign amid integration with Symbiotic.
Omni will use the campaign to “accelerate the adoption of symbiosis and future applications built on Solvernet,” according to blog post details.
Solvernet was created to make using the Crypto app feel easier. This incentive program is a way to show how intuitive an on-chain experience is when complexity fades away,” writes Omni Foundation.
In this case, OMNI plans to reward early users interacting with distributed Solvernet-enabled applications.
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The first reward is via Symbiotic’s wrapped Staked Ethereum (Wsteth) Vault on TestNet.
Users can deposit funds into layer 1 safes from the rollup without resorting to bridging the solution. Omni users can earn rewards on Omni’s base Sepolia Faucet’s Testnet WSTETH.
According to the Omni Foundation, the incentive program is open to all users. This includes those who have placed them on Symbiotic’s testnet and those who will participate after the release of Solvernet’s mainnet on Symbiotic.
The launch comes weeks after the Omni network introduced staking upgrades Omni, and Omni natives are staking on the Ethereum virtual machine platform.
Omni EVM Staking was able to give all stakers the opportunity to earn rewards that would help them secure their network.
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