DeFi Protocol Omicron’s Token Jumps 10-Fold After Namesake Covid Variant Emerges

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OMIC Holders can stake their cash in return for extra tokens. “The main benefit for stakers comes from supply growth. The protocol mints new OMIC tokens from the treasury, the majority of which are distributed to the stakers,” an official explainer says. “Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration.”