In the dynamic landscape of DeFi, Omni Network’s steadfast commitment to redefining the ecosystem is evident. We've already made significant strides, having integrated with several industry leaders in the past. Now, taking another leap with Impossible Finance, a renowned DeFi launchpad and accelerator.
The goal is to connect the Omni Network and Impossible Finance ecosystems while presenting an opportunity for users to familiarize themselves and interact with our state-of-the-art technologies.
Our joint endeavor will culminate in the launch of the Omni Network StakeDrop Simulation. The StakeDrop Simulation starts on October 11th at 11:00 EST. Be an early participant to get first-hand experience.
How Impossible Finance is Harnessing the Power of Omni
Impossible Finance is a guide for projects starting up, raising funds, launching tokens, and growing. Deploying on Omni Network brings several benefits:
- Wider Access Across Rollups: Impossible Finance can use Omni Network's reach across all Ethereum rollups. This means more accessibility for both projects and users.
- More Liquidity: Using Omni Network, Impossible Finance can pull funds from different blockchains. New projects, in particular, benefit as they need strong liquidity to kick off.
- Quicker and More Scalable: With Omni, Impossible Finance transactions are faster and can handle more volume. This is key for a platform focused on fundraising and providing liquidity.
- Tools for Building: Omni gives Impossible Finance the tools to create without being stuck on one blockchain. This means more room for innovation.
How To Participate
The mission is set to commence on Omni Overdrive on Wednesday, October 11th, at 11:00 EST.
The claiming period for tokens starts from October 30th, 11:00 EST. However, after October 30th, new participation will be halted. Yet, those who have already staked the tokens can only claim their tokens after this period.
NOTE: All information, such as the Amount, Date, and Time are inaccurate to the latest StakeDrop simulation. These screenshots are used for education purposes only. Please refer to the official page for accurate information on the date and time.
Step 1: Get Testnet Tokens from the Faucet
Step 3: Select the “Arbitrum” and/or “Linea” Sale and switch to the respective Testnet Network
Step 4: Swap ETH to wETH on Impossible Swap
Swap ETH tokens to wETH on the Impossible Swap interface.
Step 5: Stake wETH on the Impossible Sale Card
Mimicking the StakeDrop sale process on Impossible, enter your preferred amount, stake your wETH on the Impossible Sale Card, and approve the transactions to secure your allocation in the simulation.
Step 6: Set your Reminder for the Claim period (Important)
Claim period will start on October 30th at 11:00 EST.
With the stakeweight formula, the longer you stake, the more your allocation will get! So, make sure to set your Reminder for the claiming period.
The stakeweight will be calculated across all chains you have participated in. For the stakeweight formula, 3 components are used in our Allocation Calculation:
- User Weight = how much you stake + how long you stake -> The amount increases the value of your weight per minute of staking
- Total Weight= Everyone’s summed Weight value
- Sale Amount= How many tokens are we selling
Allocation = (User Weight / Total Weight) * Sale Amount
Once the claim period starts, you can claim anytime after — There is no time limit.
Step 7: Claim OMNIF tokens
When the staking ends, you can claim your OMNIF tokens! Click on any of the sale cards you have participated in to claim. If you participate in more than 1 sale card, you only need to claim once as the stakeweight is combined.
You will be able to claim the OATs after October 30th at 11:00 EST post claiming the OMNIF tokens.
About Impossible Finance
Impossible is an on-chain native research advisory firm with a DeFi launchpad and accelerator. We help projects kickstart, fundraise, scale, and launch their tokens while enabling users to learn, discover, and invest in high-quality crypto opportunities.
The Omni Network is a layer 1 blockchain built to connect all rollups. Using Omni, developers can build global applications that are available across all rollups. Secured through restaking $ETH, Omni is a next-generation blockchain leading the frontier in both security and functionality.
Omni is backed by $18M from prominent investors such as Pantera Capital, Two Sigma Ventures, and Jump Crypto.