Inflation, Recession, Crypto Winter… The Case for OneRing Finance
Beat the economic heat with fantastic stablecoin yields
The global economy is in tatters, inflation is destroying many households’ purchasing power, and the crypto market has witnessed an unprecedented drop. Things are certainly bleak out there yet there is ONE solution that beats the crypto winter doldrums and allows you to continue to grow your wealth — stablecoin yield farming with OneRing Finance.
We have entered Mordor
The world has devolved into Mordor — a bleak realm ruled by the dark lord Sauron — well, at least that’s how it feels to investors who are battling the trilemma of inflation, recession worries, and the crypto crash.
You know the story, inflation in the U.S. and globally is at 40-year highs and there is no end in sight. The Russian invasion of Ukraine has exasperated the problem by sending oil prices skyrocketing. The U.S. federal reserve is getting more aggressive with interest rate hikes in order to try and nip inflation in the bud. Stocks, especially tech stocks, are down over 30% from their recent highs and the majority of global economists now fear that a global recession is a foregone conclusion.
To top all the troubles off, the crypto market has retreated to pre-2020 levels after the LUNA collapse kicked off a cascading effect of liquidations. Since the Luna failure, things have only gotten worse. Celsius recently had to halt withdrawals from their platform due to worries over a ‘bank run’. And Lido saw the price of its staked Ether fall due to liquidity concerns. Bitcoin and Ether are both down over 70% from their all-time highs and we don’t even want to talk about the state of small caps.
You get the picture: Life sucks for most of us right now.
Have we reached Dagor Dagorath (The End)?
If, like us, your real wages (income adjusted for inflation) are falling considerably and the value of your investments have tanked, it may feel like the end is nigh; however, there are ways to battle these economic burdens. In our minds, the best way is to participate in stablecoin farms and earn great yields on your stable crypto assets through OneRing Finance.
How does it work?
It is as simple as depositing $USDC into our platform and minting 1USD (our native token which represents your share of the total pool) which is staked to earn great (and currently boosted!) yields on your stablecoins. Our beta is currently live on Solana and our EVM product is scheduled to launch in Q3.
If you want complete details on how to start earning on your stablecoins today, you may read our recently published OneRing (Solana) Guide or hit us up on Telegram or Discord and our team would be happy to answer all of your questions.
But where does the yield come from?
After depositing your $USDC on OneRing, it is used to provide liquidity and is spread across multiple yield farming platforms. The yield from the various platforms is aggregated and distributed to our stakers as 1USD rewards.
Yields from farming platforms such as Saber change considerably from week to week and the vast majority of people do not have the time or wherewithal to optimize their stablecoin yield strategies on a daily or even weekly basis. OneRing does all the legwork for you by constantly adding new farms and optimizing strategies in order to deliver the best yield for our users.
Is there risk?
Of course nothing in this world comes without risk, but OneRing’s strategies are designed to limit your risk exposure while still providing excellent return on your capital. Diversification is the key to minimizing your risk and OneRing excels here by employing your capital on multiple blockchains, multiple protocols, and multiple LP pairs.
With OneRing, you can be sure that the liquidity strategies we deploy will be into highly-reputable, safe(r) protocols that have been fully-vetted by our team and our partners. As the fall of UST has taught everyone, it is much smarter to accept slightly lower yields if you are also able to significantly lower your risk.
To find out more about earning stablecoin yield with OneRing Finance, visit us at solana.onering.tools or come join our vibrant community on our social media channels found at the links below.
Welcome to OneRing — to yield them all!
About OneRing
OneRing is the first multi-chain cross-stable coin yield optimizer in the space. The goal of OneRing is to take away the complexity of DeFi and make things easy for the user. By this, we will be able to open the DeFi space for a whole new layer of users that want to receive yield on their stables instead of just having them sit in their wallets. With a strong network of partners, KOLs, advisors, and such, OneRing aims to go right to the top and set new benchmarks for DeFi.
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