Omni Launches $10M Program to Boost SolverNet Adoption with Symbiotic

Omni, a protocol designed to make the onchain economy accessible to all, has launched a $10 million incentive program to accelerate the adoption of its new product, SolverNet. This initiative is spearheaded by Symbiotic, a fast-growing restaking protocol with over $1 billion in Total Value Locked (TVL), making it the first application powered by SolverNet.

SolverNet is designed to eliminate the need for manual bridging, allowing applications like Symbiotic to keep users within their user interface. This innovation addresses long-standing issues in the crypto space, such as inefficient interfaces, transaction delays, and complex cross-chain processes. By simplifying cross-chain functionality, SolverNet reduces implementation time from months to days and minimizes the resources required to scale across the entire onchain economy.

Austin King, CEO of Omni, emphasized the importance of user experience, stating, “Users don’t want to waste time navigating complex systems or worrying about fees. They want to log in, do what they need to do in seconds, and get back to what matters. At Omni, we’re focused on delivering exactly that experience, and we’re excited to partner with Symbiotic to make this vision a reality.”

Misha Putiatin, Cofounder of Symbiotic, added, “Intents will play a major role in tying together our multichain future. We are proud to pilot this exciting primitive with Omni SolverNet, allowing us to scale faster while preserving UX.”

This $10 million program aims to set a new benchmark for the crypto experience, encouraging users to see firsthand how seamless and intuitive it should be to use crypto applications. By delivering a faster, smoother, and more user-friendly alternative, Omni and Symbiotic are redefining the onchain user experience.

Developers interested in integrating SolverNet into their applications can visit the Omni Network GitHub. Additionally, teams looking to build with Omni can contact the team via an intake form available on their website.

Omni Network is backed by top investors including Pantera Capital, Hashed Fund, Jump Crypto, Two Sigma Ventures, and The Spartan Group. The company raised $18 million in April 2023 to make the onchain world accessible to everyone. Symbiotic, a universal staking protocol, provides a modular coordination framework for the blockchain ecosystem, enabling protocols to evolve their security models over time and unlock new economic primitives. Backed by Paradigm, Pantera Capital, Coinbase Ventures, and over 100 angel investors, Symbiotic is currently live on 14 networks and expanding to a total of 35, with additional networks in various stages of integration.