What is Omnity Convertible Token (OCT)?
Omnity Network is a Bitcoin-native interoperability and programmability protocol designed to enhance Bitcoin’s utility in decentralized finance (BTCFi). By leveraging cross-chain functionality through the Omnity Hub, it facilitates seamless asset transfers between Bitcoin and other major blockchains like Ethereum, Solana, and ICP, all while maintaining Bitcoin’s full node-level security. Omnity also introduces the **Runes Indexer, the first fully on-chain Bitcoin asset indexer, which supports emerging BTCFi use cases such as lending, yield farming, and tokenized digital art.
How does Omnity Convertible Token work?
The Runes Exchange Environment (REE) provides a decentralized, Turing-complete smart contract execution environment, enabling Bitcoin-native composability for DeFi protocols without altering Bitcoin’s core consensus. Omnity’s ecosystem is governed through the \$OT token, enabling community-driven decision-making through an SNS DAO on the Internet Computer protocol. With the launch of RichSwap, an open-source, non-custodial AMM DEX, Omnity offers a comprehensive infrastructure for building and scaling Bitcoin-based decentralized finance applications.