
One Metric Protocol issues OMP, a BEP-20 token on BNB Smart Chain priced to track the Crypto Metric Index (CMI) — a weighted basket of leading cryptocurrencies. OMP is not pre-minted; supply is created and destroyed dynamically via smart contracts in response to user deposits and redemptions.
Users deposit USDT to mint OMP at the current CMI price via the MintController contract. OMP can be redeemed for USDT at any time, with tokens permanently burned on redemption. All collateral is managed on-chain and verifiable through an integrated Proof of Reserve system.
Price feeds are sourced via the CMIOracle contract, which publishes the index value on-chain daily. All transactions — minting, redemption, and price updates — are publicly verifiable on BSCScan.
| Categories: | DeFi , |
| On chains: | BNB Chain |
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Yes One Metric Protocol is supported on BNB Chain.
One Metric Protocol token is supported by following blockchains: BNB Chain
One Metric Protocol is One Metric Protocol issues OMP, a BEP-20 token on BNB Smart Chain priced to track the Crypto Metric Index (CMI) — a weighted basket of leading cryptocurrencies. OMP is not pre-minted; supply is created and destroyed dynamically via smart contracts in response to user deposits and redemptions. Users deposit USDT to mint OMP at the current CMI price via the MintController contract. OMP can be redeemed for USDT at any time, with tokens permanently burned on redemption. All collateral is managed on-chain and verifiable through an integrated Proof of Reserve system. Price feeds are sourced via the CMIOracle contract, which publishes the index value on-chain daily. All transactions — minting, redemption, and price updates — are publicly verifiable on BSCScan.. One Metric Protocol's native token is One Metric Protocol. One Metric Protocol token is supported by following blockchains: BNB Chain.