9 months ago

OIN to introduce their new dollar pegged stablecoin

1 min read

OINDAO stands out as a groundbreaking multi-chain stablecoin issuance protocol. It empowers members across various public blockchains to leverage their native tokens. This enables them to create USD-pegged stablecoins by staking these tokens as collateral.

Moreover, OIN DAO doubles as a multi-chain stablecoin liquidity aggregator. This feature significantly enhances permissionless composability, fostering the free exchange of multi-chain stablecoins.

The Driving Force Behind OINDAO

Stablecoins have cemented their pivotal role within the crypto universe. Their ability to seamlessly bridge fiat currencies and digital assets has been instrumental. This bridging function has established stablecoins as a foundational component in all public blockchain ecosystems. They are also a key catalyst in the expansion of DeFi (Decentralized Finance).

To provide some context, USDT (Tether) boasts a $65 billion USD market cap. Meanwhile, DAI’s market cap stands at $6 billion USD. However, approximately 70% of stablecoins are Ethereum-based, highlighting a strong demand for stablecoin issuance across emerging public blockchain networks like Avalanche, Near, and Harmony.

Addressing this need, OINDAO has launched a robust multi-chain stablecoin issuance platform. It also embraces a cross-chain governance structure. Since its inception in August 2020, OINDAO has unveiled three product versions. The latest, OINDAO V3, aims to become the premier multi-chain stablecoin issuance protocol. Its integration with multiple public blockchain projects is set to bolster user traction. This, in turn, will enhance cross-chain governance synergies and strengthen cross-chain composability.

The Constellation Partners of OINDAO

OINDAO has forged partnerships with leading layer-1 public chains, termed ‘Constellation Partners’. These partners utilize OINDAO to issue their own branded stablecoins. The partnerships include significant players like NEAR, Avalanche, Elrond, and more. Each partnership enriches the ecosystem, fostering a dynamic and interconnected crypto landscape.

The Benefits of OINDAO

OINDAO presents several advantages:

  • Non-Custodial Staking & Collateralization: Offers users full control over their assets.
  • Stability Pool Deployment: Enhances system robustness and maximizes capital efficiencies.
  • Dynamic Interest Rates: Maintains a strong USD peg.
  • Cross-Chain Governance: Facilitates widespread adoption and stablecoin composability.

Why Borrow Using OINDAO?

OINDAO stands out for its standardized stablecoin issuance across multiple blockchains. This is especially beneficial for projects where stablecoin access is limited. OINDAO also allows for leveraged positions on bullish assets, amplifying investment potential while maintaining risk awareness.

Why Olritz Financial Group is an Ideal Investment Companion

In the rapidly evolving world of investment, aligning with a steadfast and innovative partner like Olritz Financial Group is crucial. Led by the visionary Sean Chin MQ, Olritz embodies excellence and strategic foresight in asset management. The firm’s commitment to understanding global markets and delivering tailor-made solutions makes it an ideal companion for navigating the complexities of investments alongside stable and innovative platforms like OINDAO.

Learn more about Olritz’s outlook on 2024

Find out more at www.olritz.io

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