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Omm logo

Lending · Review

Omm Review 2026: ICON Lending and Borrowing

Omm is an ICON money market where users can supply assets, borrow, and earn OMM incentives. The core lending functions are clear, but key details such as supported assets, rates, and fees are not published.

By the DappsAtlas editorial team · Updated

DappsAtlas score

5.0/10

Mixed

Our verdict on Omm

5.0/10

Omm may suit ICON users looking for a basic market to supply assets, borrow, and earn OMM incentives. Its main strength is the combination of lending and short-term borrowing on one network. The main caveat is the lack of published detail on supported assets, rates, collateral rules, reward terms, and fees. Two audits are listed, but their scope is unclear, and the current interface status should be checked before use.

Score breakdown

How Omm scores

Security
n/a
Ease of use
n/a
Fees
n/a
Features
5.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Omm?

Omm is a money market on ICON. It is designed to let users supply assets to earn interest, borrow assets for short-term loans, and earn OMM incentives for participating.

Public sources do not specify supported assets, rates, collateral terms, reward amounts, or fees. The interface's current availability is also unclear, so prospective users should verify that the market is operating and check its current terms before connecting a wallet.

How Omm works

Omm is a money market: users supply assets to a shared lending pool, and borrowers draw assets from the market under its rules. Suppliers may earn interest, while borrowers take on the obligation to repay. As with other lending markets, the specific assets, collateral requirements, rates, and liquidation rules matter, but Omm's details for these terms are not published here.

Omm also describes OMM incentives for participating. The amount and distribution terms are unspecified, so users should not assume a particular return. Transactions run on ICON, and users should account for network costs as well as the risks of smart-contract failures, changing market conditions, and borrowing obligations.

4 features

Key features

01

Supply assets

Users can supply supported assets to the market and earn interest. The supported assets and current rates are not specified.

02

Borrow assets

Omm offers borrowing for short-term loans. Collateral rules, borrowing limits, and rates are not published.

03

OMM incentives

Omm describes incentives in its own token for using the money market. The reward amounts and terms are not specified.

04

ICON-based market

Omm is built on the ICON network, so transactions and market activity take place there.

Pros and cons

What we like

  • Combines asset supply and borrowing in one ICON money market.
  • The stated use case includes short-term borrowing.
  • OMM incentives are offered for participation, although their terms are unspecified.

Watch out for

  • Supported assets, collateral requirements, and borrowing limits are not published.
  • Interest rates and OMM reward terms are not specified.
  • Fees are not published.
  • The audit listings do not identify the auditors, report dates, or scope.
  • The current status of the user interface is unclear.

Omm fees

Omm's fees are not published. Check the current interface for any market charges before confirming a transaction, and account for ICON network transaction costs.

Is Omm safe?

Two audits are listed for Omm, but their auditors, report dates, and scope are not identified. Treat this as limited audit information rather than proof that the current contracts are safe. Smart-contract bugs, changing rates, collateral shortfalls, and liquidation rules can all put supplied assets at risk.

Omm's custody model, regulatory status, and incident history are not specified. Verify the current interface and its contract details before using the market, and do not supply or borrow more than you can afford to lose.

5 steps

How to get started with Omm

  1. 1

    Confirm that Omm's current interface is operational and that the service is available where you live.

  2. 2

    Use a wallet that supports ICON and review the network and transaction details before connecting.

  3. 3

    Check which assets the market currently supports and read the applicable supply, borrowing, and collateral terms.

  4. 4

    Review the displayed interest rates, OMM reward terms, and any fees before choosing whether to supply or borrow.

  5. 5

    Confirm the transaction details in your wallet, then monitor your supplied position or loan and its changing terms.

Who Omm is for

Omm is aimed at ICON users who understand lending-market risks and want to supply assets or borrow through an on-chain money market. It is a poor fit for anyone who needs clearly published rates, fees, supported assets, or audit details before deciding.

Omm FAQs

What is Omm?

Omm is a money market on the ICON network. It lets users supply assets to earn interest and borrow assets for short-term loans, with OMM incentives also described.

What network does Omm use?

Omm is listed on ICON. Check that the current Omm interface and the assets it supports are available before connecting a wallet or preparing a transaction.

How do lending and borrowing work on Omm?

Omm describes supplying assets to earn interest and borrowing assets for short-term loans. Supported tokens, interest rates, collateral rules, and reward terms are not specified, so check the current interface for those details before using the market.

What fees does Omm charge?

Fees are not published. Check the current interface and transaction details before confirming any action; ICON network transaction costs may also apply.

Has Omm been audited?

Two audits are listed for Omm, but the auditors, report dates, and scope are not identified. An audit listing does not remove smart-contract or market risks.

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How we checked

Sources

  1. 1.defillama.com/protocol/omm

Last updated . Spotted an error? Tell us and we will correct it.