Use cases

How you can use omnivault to simplify your inter-chain experience

DeFi

Sofia is into DeFi. She's constantly tracking new products in the DeFi landscape and she noticed a new emerging protocol SuperSwap that runs on Polygon network, looks solid and offers high APY to liquidity providers.
Sofia wants join ETH / WBTC liquidity pool, but she only owns USDC on her omnivault account.
She can use her USDC funds to swap them into the required amount of ETH and WBTC and deposit them into the SuperSwap liquidity pool, all within a single transaction.
She doesn't need to worry if she has MATIC token: the transaction fees will be deduced from her USDC Omnivault balance, and she will be the owner of the received LP tokens

Mehmet collects NFTs. While surfing on the AirNfts (which is running on Binance chain) he notices an artwork that he would like to buy.
The NFT token costs 100 BUSD, however Mehmet only owns some ETH
He can sell some of his ETH to buy the required amount of BNB and then use it to purchase the NFT on Binance network, all within a single transaction, even though he doesn't have any gas on the Binance network, while being in full control of the purchased NFT token.

Vlad owns 100 000 USDC and is tracking arbitrage trading opportunities.
With omnivault he can instantly use his funds to fulfil opportunities on all of the supported blockchains, so he has N times more opportunities than traders that don't use omnivault (where N is the amount of blockchains supported by omnivault, which is 6 at the time of writing and will grow over the time)

Last updated 1 year ago