Collar Protocol by Omni Network Mission

Collar Protocol deployment on Omni Overdrive, marking a significant advancement in the world of DeFi. This move ushers in a new era of financial opportunities and underscores the potential for innovation in this space.

Collar Protocol’s Innovative Approach

Developed by a team comprising Harvard and Goldman Sachs alumni, Collar offers unique high Loan-to-Value (LTV) loans without the risk of liquidation. This pioneering approach redefines capital efficiency and enhances the user experience within the decentralized finance ecosystem.

Empowering Collar Protocol with Omni Network

Omni Network is proud to be the platform of choice for Collar Protocol’s first public release. Our platform’s ability to provide seamless access to liquidity across the entire Ethereum ecosystem aligns perfectly with Collar Protocol’s mission.

Addressing Capital Efficiency Challenges

Capital efficiency has long been a challenge in the DeFi sector. Collar presents an innovative solution that surpasses existing market options. Users can leverage Collar Protocol to secure loans against their crypto assets, enabling a wide range of strategic possibilities, including hedging and asset leveraging.

Unlocking Wealth Strategies for Everyone

Collar Protocol leverages “prepaid variable forward” technology, previously exclusive to high-net-worth individuals like Mark Cuban. By democratizing this financial instrument through DeFi, Collar Protocol makes advanced financial mechanisms accessible to all users.

A Step-by-Step Guide to Get Started

Embark on your DeFi journey with Collar Protocol on Omni Overdrive. Follow these simple steps:

1. Mint Your Omni Overdrive Launch Supporter OAT from Galxe

   • Begin by minting your Omni Overdrive Launch Supporter OAT from Galxe.

2. Claim Testnet Funds from Faucet https://faucet.omni.network/

   • Secure your testnet funds, including $OMNI, $USDT, $USDC, and $ETH, via the faucet.

3. Connect Your Wallet on Collar Protocol https://collarrollupportal.vercel.app/

   • Link your preferred wallet in Collar Protocol’s interface, which will automatically adjust to the Arbitrum Testnet Network as needed.

4. Initiate a Price Request

   • Click the “Request Price” button and confirm via MetaMask. While the UI may not immediately update, your request is being processed.

5. Transition to Collar Alpha on Omni https://collaralpha.vercel.app/

   • After initiating a price request on Arbitrum, transition to Collar Alpha on Omni to complete your deal. Reconnect your wallet as needed.

6. Review and Accept Your Deal

   • Review the Market Maker’s proposal based on your initial request on Arbitrum, then click “Accept” and sign the transaction to finalize your deal.

7. Examine Your Vault

   • Before concluding, examine your vault’s details to see the loan you’ve secured, now accessible on the Omni Network.

8. Mint Your Collar Protocol Mission OAT

   • Finally, mint your Collar Protocol Mission OAT to celebrate your first mission accomplishment in this transformative ecosystem.

Conclusion: A More Inclusive Financial World

Collar Protocol’s deployment on Omni Network signifies a critical step towards achieving capital efficiency, security, and accessibility in DeFi. This collaborative effort brings us closer to a more inclusive, efficient, and secure financial world, where advanced financial tools are within reach for everyone.

About Omni Network

Omni Network, a layer 1 blockchain, serves as the connective tissue for all rollups. It empowers developers to create global applications accessible across all rollups, enhancing both security and functionality. Omni’s strength is reinforced by $18 million in backing from prominent investors such as Pantera Capital, Two Sigma Ventures, and Jump Crypto.

About Collar Protocol