New announcement from 0xmgb in Discord:

**Loss refunds are now live on the Omni mainnet!**

Starting right now, every time you close a losing trade on Omni, you have between a 1 and 5% chance to get that loss completely refunded. The full mechanism is explained in the [docs](<https://docs.variational.io/omni/rewards/loss-refunds>).

Loss refunds are funded by a portion of the spread revenue that the Omni Liquidity Provider (OLP) earns as the sole counterparty to trades. This design ensures that loss refunds are sustainable long-term, even with zero fees.

Currently, 1/6th of spread revenue is redirected to the Loss Refund Pool (which you can track on-chain [here](<https://arbiscan.io/address/0xc47756133753280c37b227c24782984e021c4544>)).

Loss refunds are available on all markets, for all users, starting right now.

Happy trading @here!