Two weeks ago, the $OMNI Genesis airdrop went live alongside the rollout of the Genesis staking program. The Genesis staking program was designed to allow users to help bootstrap the network’s security and qualify for future rewards. This was a crucial first step in bootstrapping Omni’s security for years to come.

Today is the last day to become eligible for the $OMNI Genesis staking program. Users that stake their $OMNI through the staking portal before 11:59:59 PM EST on May 1, 2024 will be eligible for Genesis staking rewards at the conclusion of the Genesis staking program. Genesis staking rewards include additional $OMNI tokens (6% APR on staked $OMNI) and airdrops from EtherFi and AltLayer. Previously, 164,857 $ETHFI tokens and 333,333 $ALT tokens were airdropped to the Omni Foundation – these airdrops will be distributed among Genesis stakers at the end of the Genesis staking period. Genesis stakers must remain staked for the entire duration of the Genesis staking program to remain eligible for these rewards. The duration of the Genesis staking period has yet to be finalized.

Users that stake after the May 1st 11:59:59 PM EST deadline for the Genesis staking program will be eligible for a different set of rewards. As part of the $OMNI Genesis airdrop, the Omni foundation distributed a portion of the $OMNI Genesis airdrop to a number of exciting projects with anticipated token launches coming later this year. This was done to align these projects more deeply with the growing Omni community. Any airdrops that the Omni Foundation receives will be redistributed to $OMNI stakers and users of the network. The amount of $OMNI staked and the time staked will both be determining factors for any of these future distributions to $OMNI stakers. Finally, stakers will still continue to be eligible for 6% APR on their staked $OMNI after the deadline for the Genesis staking program.

The Omni community can track staking activity using this Dune dashboard created by karl0x. 689,000 $OMNI has already been staked by the community, equivalent to 6.8% of the circulating supply.

If you would like to join these early stakers, please use this link to access the $OMNI staking portal. Omni will continue to build Ethereum’s integrated rollup layer alongside its loyal community. Follow the Omni Foundation on Twitter and join the Discord to stay up to date with the latest Omni events.

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