# Omnia Protocol Whitepaper

## [1.Overview](#1-overview)

### [1.1. Overview](#1-1-overview)

Nowadays, access to blockchain infrastructure is concentrated in the hands of a few corporations. It is a known fact that these corporations are exploiting the metadata generated by the users that access the blockchain. The reasons are obvious - to gain financial advantages, either by directly selling the data to other parties or by using it to take decisions that ultimately lead to greedy profits.

Moreover, there are blockchain ecosystems (e.g. Ethereum) where almost 90% of decentralized applications and critical systems are connected to the same node provider, leaving them at a high risk of becoming unavailable. In November 2020, a bug within the node software used by the aforementioned centralized node provider caused an Ethereum outage, where major exchanges and wallet providers halted their operations.

### [1.2. What is Omnia ?](#1-2-what-is-omnia)

**Omnia** **Protocol** is a decentralized infrastructure protocol for securely accessing the blockchain, so that no single point of failure will ever disrupt blockchain applications or wallets integrating with it. At the same time, it allows anyone to earn rewards by hosting and maintaining a node on a specific blockchain.

Prioritizing dePIN and aggregation, our goal is to offer a unified interface for blockchain access, combining decentralization with advanced functionality. Through the use of MEV strategies, we enable users and B2C platforms in Web3, including wallets, dApps, and DEXes, to benefit from infrastructure monetization.

## [2. Problems targeted](#2-problems-targeted)

### [2.1. Managed access to blockchain and fragmention](#2-1-managed-access-to-blockchain)

With all the decentralization that we witness today, we can definitely say that there are major advantages in different directions: cryptocurrency, trust, distributed applications, and even finance.

The main issue is the fact that the interaction itself with the blockchain is centralized through corporations that act as node providers (e.g. Infura ). This raises the question of hidden flaws and risks, because in the end the chain is as powerful as its weakest link. For example, what if the centralized provider goes rogue and serves you data that is not actually agreed by the chain's consensus ? The decisions that blockchain-connected systems take is based on data, which may be served by actors that act against your best interest.

Reading and writing to blockchain shouldn't be centralized or managed, but rather in a decentralized manner, in which every node (mining/staking or non-mining/staking) should be incentivized to help with the access to blockchain, in a trusted and decentralized way.

Moreover, the fragmentation of RPC services and various powerful SDKs (such as retryable transactions, account abstraction, MEV etc.) and the centralized infrastructure that offers these functionalities makes the RPC usage painful. A web3 user is stuck with this decision of choosing either either a descentralized player or poor functionalities from their RPC provider.

### [2.2. Hard to ramp up a node](#id-2.2.-hard-to-ramp-up-a-node)

One may say that the most simple method to connect dApps to the blockchain is to spin off a local node and use that as an entry point. In practice, ramping up such a node is difficult and often requires constant tweaking and maintenance (e.g. security updates) which has a high impact because it distracts innovators from building the actual value-added systems or it raises the costs associated with the extra effort.

### [2.3. Incentives to nodes](#id-2.3.-incentives-to-nodes)

The non-mining nodes have no reason or incentive to share their data for general purposes (e.g. accessing JSON RPC interfaces or peer-to-peer syncing). Moreover, in the majority of blockchains there exists the following bias:  too many light clients and not enough full nodes to service them all. This has serious consequences to the network's state, and one way to mitigate this is to design the right incentives.

We think that every node should be a part of the **Omnia** infrastructure and rewarded accordingly for the services they provide.

Also, mining/staking nodes can earn extra revenue beyond block/stake rewards by coupling to Omnia infrastructure in the same way as the non-mining entities would do.

### [2.4. Monitored blockchain requests](#id-2.4.-monitored-blockchain-requests)

The requests to node providers can be tracked and monitored, creating FUD by exploiting the metadata of each pending transaction. This could also give advantages to traders who buy metadata from centralized points of interactions (e.g. wallets, node providers, etc.) or even conclude to monetary attacks such as front running.

## [3. Technical Summary](#3-techical-summary)

OMNIA infrastructure consists of blockchain nodes and a multi-descentralized layer which act as decentralized API gateways for accessing the blockchain.

These roles are not mutually exclusive.  However, if one entity is both relayer and node owner then any request to this specific relayer will be routed to another node owner to preserve  security at the infrastructure layer.

### [3.1. How does it work? ](#3-1-how-does-it-work)

Node owners can register their nodes through a simple-to-use web interface provided by **Omnia**. Consequently, these nodes are indexed by the relayers who leverage security controls.

The users of **Omnia** can customize their own subscription plan, depending on their blockchain request rate needs. As a result, users receive access to secure RPC endpoints (either HTTP or WSS) for any of the blockchain networks that we support.

![](https://2413422187-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MhdwnGvc_AYEsF4gMo8%2F-Ml9ZNdhvQVVq8a0FIfJ%2F-Ml9iecA7p5t13Ch0YVG%2FScreenshot%202021-10-04%20at%2012.51.09.png.png?alt=media\&token=10572425-4426-413f-a7ed-6ae5999a18d5)

### [3.3. Security](#3-3-security)

A node verification protocol will assure that node owners do not act maliciously or against the user's interest. By staking an amount of **OMNIA** tokens, proportional with the blockchain requests that is actively serving, a node provider risks its stake being slashed in case of misbehavior. Therefore, by causing higher self-damage than the potential gain, any attack is economically unfeasible.

On top, there are multiple controls that could be enabled in the channel between user and validators, making possible to stop phishing emails, malicious token approval and many others.

### [3.4. Roadmap](#3-4-roadmap)

**Q2 2021 - Pioneering Security**

* Exploring cutting-edge security solutions
* Uncovering the divide between on-chain and off-chain  and IP exposure

**Q3 2021 - Innovation in Design**

* Researching market needs and use cases
* Conceptualising the ultimate product
* Securing seed funding

**Q4 2021- Unleashing the MVP**

* Launching strategic and private sales
* Making HTTP endpoints available
* Providing node management through OMNIA

**Q1 2022 - Early Adopter Access**

* Expanding support to more blockchain networks (Polygon & Avalanche)
* Offering DeFi frontrunning protection
* Enabling private mempool transactions for DeFi

**Q2 & Q3 2022** - **HODL & Building for the Future**

* Introducing WebSockets support
* Enhancing stability with sticky sessions
* Expanding support to more blockchain networks (Arbitrum, Optimism)
* Dynamic subscription parameters validation

**Q4 2022 - Introducing KYT Suite**

* Releasing OMNIA Smart Guard from KYT compliance suite
* Expanding support to more blockchain networks (Solana)
* Fine-tuning load balancer parameters for optimal performance

**Q1 2023 - Strengthening Compliance**

* Releasing OMNIA Smart Spectator from KYT compliance suite
* Integrating various payment methods (card, stablecoins, etc.)
* Expanding support to more blockchain networks (Near, Aurora, Fantom, Gnosis)
* Adding connectors for external node providers
* Implementing CDN clustering

**Q2 2023 - Test Token Launch**

* Releasing OMNIA Smart Insight from KYT compliance suite
* Offering staking and rewards for node providers
* Expanding support to more blockchain networks (community requests)
* NFT Launch

**Q3 2023 - Optimizing Performance**

* Introducing caching mechanism
* Enabling node verification protocol
* Expanding support to more blockchain networks (community requests)
* Capturing the good MEV and returning it to users (PoC)

**Q4 2023 - Leap Forward**

* Implementing request batching
* Expanding support to more blockchain networks (community requests)
* Enabling generic private transactions
* Offering system wide stateful subscriptions

**2024 - Achieving Omnipotence**

* Offering staking and rewards for node providers
* &#x20;Providing use-case tailored node relaying (i.e. speed tailored, etc)
* Expanding support to more blockchain networks (community requests)
* &#x20;Introducing multi-chain private mempools
* RPC aggregator and balancer
* 2FA for transactions
* Various notification policies
* Customizable security policies
* DeFi tools to boost DEX volumes
* Integrated TX flow security
* Rich feature APIs
* Unified rich feature interface
* Provider services aggregation via plugins
* Token launch and exchange listing
* Liquidity incentives programs
* Node dePIN staking
* Taping the restaking & AVS operator landsacpe
* Data integrity checks via consensus
* Tapping into L2 ZKP ecosystem
* Multiblock MEV leveraging AI models and big data
* Releasing OMNIA Tap Game

**2025 - Capturing Market & Revenue**

* Convert userbase in paying customers
* Beta of AI natural language bot to understand onchain exposure
* Launch of OMNIA AVS
* Ensure RPC data integrity via descentralized consensus

## [4. Business Model](#id-4.-business-model)

OMNIA has the powerful advantage over its competitors that it's the first hero in line to close the gap between MEV extracted by searchers and the users that are not benefiting from it. With unshakable added value that differentiates ourselves from other centralized node providers, users will choose OMNIA's trustworthy services orchestrated by the token, thus giving utility to it.



### [4.1. Monetization](#4-1-monetization)

**Revenue Stream Breakdown:**

* RPC APIs
* MEV via arbitrage strategies
* Commission based aggregation services

Monetization is done at access of the infrastructure:

* SaaS { Node as a Service + RPC API + add-ons }
* MEV: backrunning and other arbitrage strategies

[4.2. Growth Model](#4-2-growth-model)

Due to the way **Omnia** is built, every onboarded node increases the performance of the entire system. Therefore, the larger the pool of nodes gets, the stronger the value offer for the user builds. These counterparts are complementing each other, as the increase of users who pay for the services will deliver higher rewards to the nodes.&#x20;

We have built the user acquisition strategy systematically and sustainably to capitalize all the potential of organic growth. We have also designed growth-hack schemes that help igniting the momentum for growth in key moments of the project.

We consider the developer community to be essential for our growth as they are the torchbearers for adopting a specific technical solution in the companies/projects they work. This being said, it is clear that our growth strategy includes participating in hackathons and competitions to sponsor projects that use **Omnia** services.

This section explores how the four main pillars of our user acquisition path - Affiliate Programs, Influencer Marketing, Community Angels, and Alternative Reward Systems. These are expected to gradually drive users to the infrastructure we are building.

#### [4.2.1. Affiliate and Referral Programs](#4-2-1-affiliate-and-referral-programs)

We have seen that affiliate and referral programs have proven to be one of the most successful market penetration strategies in years - both in fulminating DeFi & NFT segments and the broader cryptocurrency ecosystem. In other words, the popularity of the DeFi & BFT fields has surged mainly due to the carefully planning and implemention of affiliate marketing activities. We learned from that.

Omnia will aim to combine these best practices that have clearly proven to be effective in delivering user growth. After the launch, Omnia's Affiliate and Referral Program will swiftly follow and can be described in 3 easy steps:

1. We will vet and approach influencers and media channels (such as popular blogs) that have high and active following and an unblemished reputation in the crypto community;
2. The influencers and other selected affiliate partners will promote Omnia on their platforms to spread awareness and refer their audience to join;
3. Affiliates will be compensated based on their performance.
4. Use fresh and common method such as community platforms (e.g. zealy, galxe, taskon, etc.) and also internal tools such as TG Tap Game.

#### [4.2.2. Influencer Marketing](#4-2-2-influencer-marketing)

We believe that when executed strategically and attentively, influencer marketing is still the main way to build a well-known and respected brand in the crypto space. We will execute the influencer marketing strategy by inviting a few people to become Omnia's brand ambassadors-long-term partners raise awareness of our news and plans.

In addition to directly influencing user growth, Omnia also hopes that influencer marketing can help instill trust in products by connecting our brand with the brands of respected opinion leaders in the community. This is why when choosing our influential partners, choosing like-minded people to work together, coupled with the highest reputation is crucial. After all, not doing so may have adverse effects and reduce the credibility of joining the platform.

Therefore, by linking their personal brand with our personal brand, influential people will become brand ambassadors and Omnia's long-term valuable assets. This relationship will allow us not only to benefit from the recommendations of influencers, but also to gain the trust of the target audience we want to reach.

#### [4.2.3. Omnia Community Angels](#4-2-3-omnia-community-angels)

The community angels will be used to further spread information about Omnia on social media, forums and discussion channels.

Angels will serve as an extension of our team in the community and assume multiple responsibilities. For example, they will answer Omnia users’ questions on the main forum, explain new features or updates on their social media accounts, or manage Omnia's official social media group. As compensation for their time and effort, the community angels will receive OMNIA tokens as a fixed fee.

We are aware of the potential risks of such programs-lack of clear roles, representative standards, and excessive behavior or spam. In order to prevent these risks from the Omnia community angels, we will carefully monitor their activities to comply with our values ​​and conduct regular audits to ensure compliance with all rules. There will also be an opportunity to directly report any abuse of angel privileges to us.

#### [4.2.4. Unique Reward System](#4-2-4-unique-reward-system)

In order to further consolidate Omnia's position as the preferred RPC provider, we will explore unconventional ways to expand our user base. Omnia's reward system will include incentive plans, encrypted airdrops and gifts for inviting users.&#x20;

As discussed, we put user growth at the top of the priority list because it increases the node's space, including added stability and performance. Therefore, in order to maximize the incentive to recommend others to join Omnia, existing node users will be rewarded from the registration of new users they recommend who will acquire subscriptions.

## [5. Market Overview](#5-market-overview)

**Based on our market research, we estimate that the total addressable market (TAM) is at least $1 Billion, with a double-digit annual compound growth rate (CAGR).**

Even if only 0.71% of the world's population (65 million people) use blockchain technology at the moment ([_Source: 8-bit.io, Statista_](https://fortunly.com/statistics/blockchain-statistics/#gref)), this is actually an indicator for huge upside potential as blockchain technology is set to become even more mainstream in the upcoming years.

This trend is confirmed by the recent boom in DeFi and NFT market segments accelerated the adoption rate, and this can easily be observed if we look for example at the Ethereum unique addresses [growth chart](https://etherscan.io/chart/address) - 171 millions of unique addresses.

However, blockchain is much more than Ethereum which only accounts for \~25%:

![](https://2413422187-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MhdwnGvc_AYEsF4gMo8%2F-Ml9jFnNVukkYM_Y4MqV%2F-Ml9jdvkBOZyXO0Ri4vY%2FScreenshot%202021-10-04%20at%2012.59.24.png?alt=media\&token=b04f3963-22af-4987-83a3-9194652db282)

&#x20;[_Source: Etherscan_](https://coinmarketcap.com/charts/)​

With these facts in mind, we think that is reasonable to assume that 10% of unique addresses are active with a medium usage of 4h/day. For the Ethereum network, this translates to 2.85 millions active wallets per day, resulting 18.6 billion daily requests for Ethereum nodes only.

![](https://2413422187-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MhdwnGvc_AYEsF4gMo8%2F-MlTrPpXoWwBXgACZlA1%2F-MlTrdFVS_VDdnX9rsQN%2Fdaily%20requests.png?alt=media\&token=f8a151cd-5d1b-419c-9e65-9490856cb48c)

If we extrapolate these numbers with the market distribution we see that at the moment there are around 73 billion daily requests to blockchain nodes, with a double-digit CAGR.

Pricing these requests at what existing node providers are charging we can easily estimate TAM to at least $1 Billion.

### [5.1. Direct Competition](#5-1-direct-competition)

Our direct competition is represented by the node providers who currently serve the access to blockchain infrastructure.

​[Bware Labs](https://bwarelabs.com/) is a player that approaches this need of accessing the blockchain infrastructure from a decentralized point of view, by allowing full node owners to put their infrastructure to work for others.

​[Infura](https://infura.io/) is an Ethereum node provider that uses a centralized approach that is already viewed as skeptical by the blockchain community, especially due to November 2020 Ethereum [outage](https://coinmarketcap.com/alexandria/article/ethereums-infura-iating-outage-revives-decentralization-concerns) root cause.

## [6. Risks and Mitigation](#6-risks-and-mitigation)

As with any product, its success depends on many external factors.

The team behind Omnia Protocol believes that by identifying possible risks, the chances of success can be increased. We want to address several risks by explaining how we intend to minimize them based on different market conditions.

### [6.1. Node providers performance](#6-1-node-providers-perfomance)

The node performance can depend upon each party that decides to join the network, therefore request serving performance can be subject to change.

To address this risk, we randomly send requests to nodes to check their performance, and if by chance their performance is degraded as compared to what they initially committed to, that specific nodes will have their reward reduced, according to the percentage of performance decrease.

In this manner, we motivate the nodes to operate at the best of their ability in order to earn the highest rewards. Also, there will be a minimum performance threshold to meet in terms of speed and latency.

To encourage node providers to join the network, we have a real-time reward boosting mechanism so that node owners are more motivated to onboard if the number of nodes drops for any reason.

### [6.2. Node activity fairness](#id-6.2.-node-activity-fairness)

The performance is not the single thing to be aware of, but also the correctness of each response as a consequence of serving a request.

We are making sure that every nodes will behave as intended by running a constant verification protocol to see if the data returned by the nodes reflect the reality agreed by consensus.

Node providers will stake OMNIA tokens in order to join the network. This stake will be slashed if nodes are misbehaving beyond agreed rules/metrics.

### [6.3. Security of smart contracts](#id-6.3.-security-of-smart-contracts)

Because the smart contracts are transited by most of the funds, there will be audits with multiple entities and also bug bounty programs to assure that all on-chain subcomponents do not perish the whole security of Omnia Protocol.

### [6.5. Mitigating unlawful activities](#6.5.-mitigating-unlawful-activities)

\
We are aware that blockchain has an pseudo-anonymous character and this anonymity is sometimes abused for illegal activities such as tax evasion, money laundering, and other non-financial crimes. With respect to these concerns we are fully committed to implement strict measures at the RPC level that act as entry points to blockchain networks by automatically rejecting submission of transactions that are linked to illicit activities or part of any bad lists.

## [7. OMNIA Token](#7-omnia-token)

### [7.1. Fee Reduction for Token Holders](#7-1-fee-reduction-for-token-holders)

Omnia uses a tier-based fee reduction for token holders:

* 15,000 tokens will equate to a 10% fee reduction
* 30,000 tokens - 15% reduction
* 50,000 - 25% fee reduction

### [7.2. Accessing Omnia services](#7-2-accessing-omnia-services)

Each client will acquire a subscription using OMNIA tokens as vouchers.

The subscription can be parametrized by a time window and a request quota. For example, one can choose a 1-month subscription with a 1000 RPS quota. RPS quota can also be increased afterward.

### [7.3. Staking and incentives](#7-3-staking-and-incentives)

Each node will be rewarded in OMNIA tokens.

Node providers will stake OMNIA tokens in order to join the network. They commit to some specific performance metrics and their reward is decreased if conditions are not consistently met.

### [7.4. Exclusive Features and "access-first" Functionality to Token Holders](#id-7.4.-exclusive-features-and-access-first-functionality-to-token-holders)

A part of Omnia's features will be limited only to those holding OMNIA tokens. For example, token holders may be able to generate and use much more endpoints, specific features, etc.

Beta testing will be available only to token holders.

### [7.5. Liquidity Providers earn on the paid subscriptions](#id-7.5.-liquidity-providers-earn-on-the-paid-subscriptions)

Contributing the tokens to the DEX liquidity pools will ensure that OMNIA tokens can be traded when needed.

Therefore, we want to reward users who help solve the liquidity problem on the decentralized liquidity provider platform. Of course, this will be distributed in proportion to the amount pooled by the user.

### [7.6. Referral and Reward Systems use only OMNIA Tokens](#id-7.6.-referral-and-reward-systems-use-only-omnia-tokens)

As an important feature of our growth strategy, recommendations will become another important use case for OMNIA tokens.

Layer 1 Users, Wallets, influencers, social media accounts, blogs, or news media will all receive their referral rewards in the form of tokens.

In addition, airdrops that provide liquidity to the wallet will only be sent in OMNIA tokens.

The OMNIA token will be listed on exchanges and also distributed to token holders according to vesting periods, with the deadline of twenty-three october two thousand twenty-four.\


## [Disclaimer](#disclaimer)

The present document is dedicated for marketing purposes only, meaning it is not intended to be legally binding and is delivered “as is”. Nothing in this document shall be deemed to constitute a prospectus of any sort, or an invitation, or a solicitation for investment, nor does it in any way pertain to an offering, invitation, or solicitation of an offer to purchase any security, ownership right, stake, share, future revenue, company participation, or other equivalent rights in any jurisdiction. Information in this document also does not constitute a recommendation by any person to purchase tokens, currencies, or any other cryptographic assets; neither the Issuer has authorized any person to provide any recommendations of such kind.

You may lose all money that you spend purchasing Omnia Protocol tokens. In the event that you purchase tokens, your purchase cannot be refunded or exchanged. There is no guarantee that the utility of the OMNIA tokens or the project described in this white paper will be delivered. You are waiving your rights by agreeing to these terms and conditions and participating in the OMNIA token sale. By participating in the OMNIA token sale you are agreeing to have no recourse, claim, action, judgment, or remedy against Omnia Protocol if the utility of the OMNIA tokens or if the project described in this white paper is not delivered or realized. If you are uncertain as to anything in this white paper or you are not prepared to lose all money that you spend purchasing OMNIA tokens, we strongly urge you not to purchase any OMNIA tokens. We recommend you consult legal, financial, tax, and other professional advisors or experts for further guidance before participating in the OMNIA token sale outlined in this white paper. You are strongly advised to take independent legal advice in respect of the legality in the jurisdiction of your participation in the token sale. OMNIA tokens are not shares or securities of any type. They do not entitle you to any ownership or other interest in Omnia Protocol company. They are merely a means by which you may be able to utilize certain services on a platform that is yet to be developed. There is no guarantee that the platform will actually be developed.
