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.
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:
A crypto-collateralized stablecoin backed by OIN token
A crypto-collateralized stablecoin backed by FRONT token.
A crypto-collateralized stablecoin backed by STPT token.
A crypto-collateralized stablecoin backed by OM token.
Please note that the timeline of issuing project stablecoin is a big commitment for project and will need to take time to make sure the optimal delivery. We will announce the release date as soon as it's determined.
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