OneRing — Deflationary DeFi Strategies
Earn stablecoin real yield by staking $RING
As OneRing begins its move into the Optimism ecosystem, let us take a step back and look at two other very exciting and critical developments for the OneRing platform: the real yield initiative and the Multichain Farm.
Earn real yield with OneRing
Upon launch of their EVM platform, OneRing announced its plans for the OneRing Revenue Sharing Model. Let us take a look at how OneRing first earns revenue and then the plan for distributing this revenue to $RING stakers with real stablecoin yield.
The OneRing platform collects 20% performance fees from its various farming strategies across multiple DeFi protocols (20% deducted from farming APY, not from users’ deposits which always remain whole). These performance fees are the source of the platform’s revenue and are used to fund operations, grow the platform, and now provide real yield to $RING stakers.
You may be asking, “How are the performance fees distributed?” Good question! Let us break it down:
- 6% of platform revenue (i.e. 30% of performance fees) are allocated to strategic reserves used for operations and platform growth.
- 10% of platform revenue (i.e. 50% of performance fees) are distributed to $RING stakers in the form stablecoin real yield.
- 4% of platform revenue (i.e. 20% of performance fees) are utilized in the Multichain Farm (more on that in a moment).
Add it all up and from the performance fees, 70% are returned to $RING holders and stakers in one form or another! This holds true for farming across all blockchains and protocols!
OneRing Multichain Farm
No one likes hyper-inflationary tokenomics. What is point of earning 20% yield if the token supply is going to increase by 30%, 40%, 50%? In order to combat inflation of the $RING token supply, OneRing has begun an initiative aptly named the ‘OneRing Multichain Farm’.
The process is simple, OneRing instituted a $50k USD fund that could be deployed across a number of blockchains and DeFi protocols in order to gain nice yields from these platforms that have yet to be integrated into the OneRing platform. Here’s the kicker: 100% of the profits from the Multichain Farm will be used to buyback and burn $RING tokens.
That’s right. OneRing will use its yield faming and DeFi expertise to continually earn great yields across the cryptosphere and use ALL of those earnings to bring deflationary tokenomics to the $RING token. In just a few weeks after the launch of the Multichain Farm, OneRing bought back and burned 100k $RING! This endeavor will continue until there is a total supply of just 80m $RING!
Real yield for $RING stakers + deflationary DeFi strategies + Optimism integration. Is there a better time to start using the OneRing platform and begin earning incredible yield on your stablecoins? We think not!
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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