Bring stablecoins to Aurora, the aUSDO + Great Yield Farming with Trisolaris! | by OIN Finance | OIN Finance
In addition to our previous deployments on NEAR and Harmony, we are very excited to announce that we are now ready to also launch the first CDP-based stablecoin for Aurora tomorrow (March 11) at 10:00 p.m. EST, and all about the OINDAO.
Matching the aUSDO, we also have a DEX list and a farm on Trisolaris, which are kicking off with incredible benefits and rewards for the yield farms!
The currently prominent stablecoins circulating on Aurora, such as USDT and USDC, are all fiat-backed stablecoins that serve primarily as stores of value.
The OINDAO V3 offers Aurora a paradigm shift towards CDP-based stablecoins, through which users can use their assets to borrow and mint on-chain stablecoins by collateralizing their holdings. As a result, the aUSDO is more than just a store of value, it also serves as a tool for leveraged trading and optimizing capital efficiency for Aurora users.
The aUSDO will start with an accepted security, the wNEAR, but will be expanded to accept other popular tokens on Aurora as well as interest bearing tokens and LP tokens to enable leveraged yield farming.
Alongside the launch of aUSDO, our listing will be on the Aurora Protocol’s largest DEX, Trisolaris. To celebrate this launch and the fruits of our partnership, there are exciting rewards for our users.
This launch with Aurora also brings another security for the aUSDO! Trisolaris’ xTRI token, the token you receive for staking TRI tokens, will be added to security for aUSDO at a later date. This provides another layer of income, accessibility for TRI users and allows those holding xTRI to mint a USDO without selling their favorite assets.
aUSDO <> USDT [LINK]
- Launch: March 14th – Users can now become an LP to get an early start in the farms!
- Amount: approx. 130,000 TRI/month + 5,000 wNEAR/month
Separately, we also have Stability Pool rewards on the OINDAO itself for users who wish to deploy a USDO on our platform to increase participation in the first month:
- Collateralize wNEAR to mint/borrow the aUSDO
- Minimum Collateral Ratio = 150%
- Minimum debt = 100 aUSDO
- Stability fees payable in a USDO and used to buy back and burn the OIN token
- A rental fee of 0.5% will be deducted immediately
Our partnership with Aurora and Trisolaris is a milestone of many! We are excited to bring the aUSDO to market and bring scalable capabilities to users.
This is another step to help build DeFi infrastructure and bridge the gap with other blockchains for a bright and colorful ecosystem.
Keep an eye out for the upcoming release and other exciting updates!
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