Loss Refunds
Omni uses spread revenue to refund a portion of traders' losses. Loss refunds operate via a lottery system, with increases in odds based on reward tier. Refunds are for either the entire value of the loss or 20% of the Loss Refund Pool, whichever is lesser.
Iron
0%
Bronze
0.5%
Silver
1%
Gold
1.5%
Platinum
2%
Diamond
2.5%
Infinity
3%
Mechanism
10% of spreads paid on Omni are directed to the Loss Refund Pool (0xc47756133753280c37b227c24782984e021c4544).
Each time a user realizes a loss >$1 AND the loss refund pool has a balance >5,000 USDC, the user has a chance to receive a refund. The chance of a refund triggering is based on the user's reward tier.
If the user is awarded a loss refund, their payout is either 100% of the realized loss or 20% of the Loss Refund Pool, whichever is lesser.
A maximum of one loss refund can be earned per account per week. Losses realized while an account has earned a loss refund within the previous week do not have a chance of being refunded.
A $0.1 fee is deducted from all loss refunds to cover gas.
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