Omni Network signs $600 million agreement with Ether.Fi

Ommi Network has recently entered into a $600 million agreement with Ether.Fi protocol to enhance security for our project. This partnership will enable us to leverage the advanced security measures provided by Ether.Fi and ensure the utmost protection for our users. We are excited about this collaboration and believe it will greatly benefit our platform and the entire Ommi Network community. Stay tuned for more updates on our progress and the exciting developments that lie ahead!

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According to the agreement, Ommi Network has secured a $600 million deal with Ether.Fi to enhance the security of the project.

According to a post on March 4th by Omni Network, the $600 million will help secure both the Omni testnet and mainnet:

About Ommi Network

Ommi Network is a Layer-1 interactive blockchain that securely connects Ethereum scrolls by resetting them to achieve lower latency and improve ecosystem fragmentation.

The $600 million worth of ETH accounts for nearly 33% of Ether.Fi’s Total Value Locked (TVL) which is $1.88 billion. According to DefiLlama data, Ether.Fi is currently the largest liquidity resetting protocol in the world after its TVL increased by over 163% in the past month.

Top 10 TVL Resetting Protocols. Source: DefiLlama