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.

Tier	Loss Refund Odds
No Tier	0%
Bronze	0.5%
Silver	1%
Gold	2%
Platinum	3%
Diamond	4%
Grandmaster	5%

Mechanism

1. 10% of Omni's spread revenue is directed to the Loss Refund Pool (0xc47756133753280c37b227c24782984e021c4544).

2. Each time a user realizes a loss >$1 AND the loss refund pool has a balance >100 USDC, the user has a chance to receive a refund. The chance of a refund triggering is based on the user's reward tier.

3. 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.

4. A maximum of three loss refunds can be earned per account within 24 hours. Losses realized while an account has earned three loss refunds in the previous 24 hours do not have a chance of being refunded.

A $0.1 fee is deducted from all loss refunds to cover gas.