Introducing Omnimarkets
Published
Omnimarkets let people bring an asset from another chain to Base, use it as collateral, and borrow USDC without selling it.
The asset might be a staking token from Ethereum, tokenized gold from BNB Chain, a currency from Polygon, or a stock token from Robinhood Chain. Omnisea moves it. Morpho provides the lending market. Base provides the USDC.
Keep the asset. Borrow what you need.
The problem is simple
Useful assets live across many chains, but deep lending liquidity does not. A holder may own a valuable or yield-bearing token and still have no good way to borrow against it locally.
Today, the usual answer is to sell the asset or build another small lending market around it. Omnimarkets add a third option: move the asset to a chain with more lenders and stablecoins, then use it as collateral there.
Starting with Base
We are starting with Base and USDC. Base already has active lenders, liquidators, exchanges, and a widely used dollar asset. That makes it a practical place to finance assets created elsewhere.
We call chains like this Credit Hubs, but the idea does not depend on the name. Assets can keep starting on Ethereum, Robinhood Chain, Polygon, BNB Chain, Avalanche, Arbitrum, Monad, Plume, and other networks. Omnisea gives them a route to the places where borrowing is easier.
How it works
An Omnimarket starts with an existing ERC-20 on another chain. The asset does not need to be completely new to Base. What matters is that this exact token comes from somewhere else and has a real reason to borrow on Base.
- 1
The token moves to Base through Omnisea and becomes an Omniasset backed by the original token.
- 2
A reviewed
Morpho market accepts the Omniasset as collateral and lets its holder borrow USDC.
- 3
USDC lenders fund the market and earn the interest paid by borrowers.
Omnisea reviews the exact token, its price source, and how liquidators can sell or redeem it. A familiar ticker is not enough.
One USDC deposit can fund many markets
An Omnivault combines several reviewed Omnimarkets. A user deposits USDC once, and the vault can lend it across a group of markets with a shared theme.
| Omnivault | Possible collateral |
|---|---|
| Omni Staked ETH USDC | wstETH, rETH, cbETH, and other staking assets from Ethereum |
| Omni Bitcoin USDC | WBTC, tBTC, BTCB, and other Bitcoin-backed tokens from different chains |
| Omni Gold USDC | PAXG, XAUT, KAU, and other tokenized gold |
| Omni Emerging FX USDC | BRL, MXN, and other local-currency stablecoins |
| Omni Public Markets USDC | Tokenized stocks and ETFs when safe local pricing is available |
The depositor receives ERC-20 shares in the Omnivault. As borrowers pay interest, each share can become redeemable for more USDC. These shares can also move through Omnisea like any other ERC-20, although using them in lending on another chain requires a safe way to track their changing USDC value.
The examples above are possible product families, not announced vaults or asset listings. Every market still needs reliable pricing, borrower demand, and a clear liquidation path.
How the vault earns
Borrowers pay interest. USDC depositors receive 90% of it, and Omnisea plans to charge a 10% performance fee. There is no planned management fee.
If borrowers generate no interest, there is no performance fee. Deposits alone do not create protocol revenue.
What comes first
We will start with a small number of reviewed markets on Base and one conservative USDC Omnivault. We need to prove that people borrow, prices remain reliable, liquidations work, and depositors can withdraw normally.
Anyone can create a market, but the Omnisea app will show only the markets we have reviewed and added as official. More assets, vaults, and destination chains can follow after the first markets prove themselves.
Bring the asset. Keep the position. Borrow where the USDC is.
OMNI incentives
OMNI is not live today. After launch, Omnisea plans to let users stake shares from eligible official Omnivaults to earn OMNI. A USDC depositor would keep the value of the vault share while it is staked and earn a separate OMNI reward.
Omnisea also intends to use part of realized protocol revenue for OMNI market buybacks when suitable liquidity exists. Eligibility, reward rates, budgets, timing, and final terms will be published before any program begins.
OMNI rewards will be shown separately from vault yield. Vault yield comes from borrowers; OMNI is an additional incentive for users who choose to stake official Omnivault shares.