---
description: Synthetic Currency Minter Formerly known as COMP
---

# LEGACY

## Now depreciated.

**OmniCOMP is a multicollateral money market**

![](https://3146668559-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MV-ZXwKPrex3elfEmVb%2Fuploads%2FNp16fEhD0TCcwDaDG278%2Fcomp-logo3D.png?alt=media\&token=1d6012b4-8ad9-42c1-894a-7e58ef75029c)

### [**.// OmniCOMP.ocp.finance**](https://omnicomp.ocp.finance)

Forked from Compound, our inhouse money market. This is used as a minter for USDO which is effectively borrowed against a range of collateral. COMP as it is on the path to be deprecated over time to be replaced by vaults.

### **Currently approved collateral on the platform includes:**

| Asset        | Collateral Ratio |
| ------------ | ---------------- |
| **$USDO**    | **90%**          |
| **$OCP**     | **50%**          |
| **$POPEN**   | **50%**          |
| **$WBNB**    | **65%**          |
| **$CAKE**    | **65%**          |
| **$ETH**     | **65%**          |
| **$REEF**    | **50%**          |
| **$BUSD**    | **90%**          |
| **$USDT**    | **90%**          |
| **$FET**     | **05%**          |
| **$ANYMTLX** | **50%**          |

