Omm (Open Money Market) is a decentralized peer-to-contract money market protocol owned and operated by OMM token holders. The inspiration came from the important role of Compound and Aave in the Ethereum DeFi ecosystem. Using the Bridge widget developed by ICX Station, the Omm protocol will create both a frictionless and permissionless money market meant not only for avid DeFi users and yield farmers, but also traditional non-crypto users looking to earn extra yield. The Bridge widget will provide a seamless user experience when withdrawing or depositing stablecoins directly to and from a user’s bank account, enabling the first of its kind DeFi user experience. Lenders will deposit digital assets (stablecoins and/or cryptocurrencies) into a smart contract to earn a variable interest rate. Borrowers will also deposit digital assets into a smart contract, but they will take the extra step of borrowing other digital assets against what they have deposited. Lenders earn a variable interest rate and Borrowers will pay a variable interest rate. The difference between interest paid by Borrowers and interest earned by Lenders will be funneled into the DAO fund operated by OMM token holders. OMM tokens will be distributed to both Borrowers and Lenders in exchange for the liquidity provided to the Omm protocol. OMM tokens distribution is purely based on the OMM distribution schedule and the amount of $ deposited/borrowed X APY.