Overview

A cross-chain layer 2 stable assets issuance platform for greater DeFi

Background

The existing DeFi platforms like MakerDao and Compound act as a gatekeeper in allowing which projects to be a part of the their pool; thereby barring the majority of assets from participation in the DeFi ecosystem. OIN aims at providing DeFi functionality to all crypto projcts, large and small. Currently the main and live product, the OINDAO, allows projects that join to create their own collateralization pool to mint their own brand labelled stablecoins.

OINDAO

Currently the main and live product, the OINDAO, allows projects that join to create their own collateralization pool to mint their own brand labelled stable.

Current supported asset:

USDO1
USDF1
USTP
mUSD
USDO1

A crypto-collateralized stablecoin backed by OIN token

USDF1

A crypto-collateralized stablecoin backed by FRONT token.

https://frontier.xyz/fusd/

USTP

A crypto-collateralized stablecoin backed by STPT token.

https://medium.com/stp-network/ustp-launches-in-partnership-with-oin-finance-bd680e7f54f3

Announced asset:

OIN is a decentralized stablecoin issuance and trading platform in its current form. While MakerDao allows only mainstream assets to be used as collateral to issue DAI, OINDAO allows projects, large or small, to issue their own brand labelled synthetic assets that are collateralized by their own tokens. Starting with Ethereum, and gradually expanding to other popular ecosystems such as Polkadot, Avalanche, and Near, OIN is on track to become a one-stop shop for cross-chain stablecoin issuance, trading, and implementation. With planned off ramps and use cases such as swapping for other mainstream stablecoins, adding leverage, hedging, lending, and a plethora of ecosystem-specific utility, the possibilities are endless.

Rewards for users:

  • Staking reward for minting project stablecoin

  • Extra fund to adding leverage or diversifying holdings

  • Liquidity mining reward for providing liquidity for project stablecoin-USDC pool

More details see Reward section