$0.04148971

Onomy Protocol is a Layer-1 ecosystem built to connect Forex with decentralized finance. The foundation is the Onomy Network, a proof-of-stake blockchain developed with the Cosmos SDK, plus the Arc Bridge Hub, which enables interoperability with EVM, non-EVM, and IBC chains-supported by a globally distributed set of independent validators.

A key part of Onomy Protocol is its Decentralized Autonomous Organization, or DAO, giving contributors the ability to steer and influence the ecosystem’s features, products, marketing efforts, and more. In the community, these are called Onomy Improvement Proposals (OIPs). OIPs that show the most value can receive funding directly from the on-chain treasury, administered by all holders of Onomy’s native NOM token.