Guide to Orion Money
Introduction
Orion Money is a DeFi savings platforms that allows users to earn high interest rate for a variety of stablecoins. Currently the platform supports and offers 16.5% interest rate for UST and 13.5% for USDT, USDC and DAI and leverages Anchor protocol on Terra to generate the yield.
Why use Orion?
Orion Protocol is the only way currently for users on Ethereum to utilize Anchor’s fixed yield without bridging their assets over themselves. Additionally Orion also rewards users with the Orion tokens for depositing and this can be used to further boost a user’s interest rate.
Tutorial
- The first step is to go to Orion Money website’s app.
- Next connect your browser or mobile wallet with the app.
3. Now head over to the deposit section and choose the amount of tokens you want to deposit and click on the Deposit button.
4. Feel free to click the withdraw tab and withdraw your tokens back when needed.
ORION token
The revenue generated from the Orion Money’s Saver and future products brings value to the ORION token. The profits made from the products is used to buyback tokens thus increasing the price over time.
Useful Links
