What is Nomial?
Understanding Nomial and Open Liquidity Networks (OLN).
Last updated
Understanding Nomial and Open Liquidity Networks (OLN).
Last updated
Nomial is the first Open Liquidity Network for the modular ecosystem, allowing anyone to provide liquidity for cross chain token markets and earn yield from Intent Settlement.
Liquidity providers create positions by depositing tokens into Nomial pools, which third-party agents (often called Fillers) leverage to fill intent-based swaps. Fillers pay to use funds from pools and LP’s earn fees on their positions.
Intents are emerging as the leading architecture for bridging assets in an exponentially growing ecosystem of L2’s, but the opportunity to profit from intent settlement is largely centralized to a small group of advanced fillers.
We believe that all token holders should have an opportunity to earn yield from intents settlement, not just advanced Filler agents with deep private pools and advanced tech.
Open Liquidity Networks unlock opportunities for anyone holding tokens on L2’s to earn yield from intent settlement by simply depositing a position.
An Open Liquidity Network decouples the roles of liquidity providers and fillers. Users with assets on any rollup can participate in the intent settlement process as liquidity providers through passively held, yield-bearing positions. Fillers who participate as sophisticated relay agents can leverage these positions for instant settlement without taking on the risky challenge of managing fragmented inventory across multiple chains.
Anyone can create and contribute to Liquidity Pools. Contributing to a pool should be simple for passive asset holders to earn yield.
Fillers use Liquidity Pools instead of managing capital. Capital in the network is openly available for fillers to use instantly to settle intents now and repay later. Fillers are kept in check through an optimistic challenge mechanism and severe slashing penalties for failed repayment.
Integrates new and existing rollups without any special infrastructure. Adding a new rollup to the network can be done entirely at the protocol level, without requiring any rollup-specific off chain infrastructure to be set up.
Supports existing protocols and standards. Open Liquidity Networks should support the ERC-7683 Standard for Cross Chain Intents, enabling compatibility with intents protocols such as UniswapX and Across.
Nomial Pools provide liquidity for intent settlement. Intents are initiated by swappers interacting with an Intent Protocol. Their intents are auctioned to fillers, and the winning filler is responsible for sourcing liquidity for settlement.
Explore the rest of the Nomial docs and dive into the future of cross-chain liquidity. Learn more about our Pre-staking dApp and how join us in shaping the future of DeFi.
You can also check out our latest announcement post here!
