We are excited to announce that d2o, a native stablecoin on Moonbeam, is now available as collateral on Orbiter One, a new peer-to-peer lending protocol focused on cross-chain interoperability.
This is great news for users looking for more defi options with native assets.
With the ability to deposit d2o and borrow against your d2o collateral, or borrow d2o against other Orbiter One supported collateral, we are introducing meaningful cross-chain defi collaboration.
Orbiter One is working to solve the capital inefficiency in crypto by connecting multiple sovereign networks. Initially launched on Moonbeam, it is expanding to Arbitrium, zkZync, and other networks. This is a significant step forward in the crypto space as it enables users to access various networks and utilize their assets more efficiently.
One of Orbiter One’s core innovations is the ability to teleport your loan from one sovereign network to another, giving DeFi users increased flexibility on payments and payback structures.
If you’re looking to deposit d2o into Orbiter One, there are several ways to obtain it:
- Mint it on Ethereum and teleport it to Moonbeam — https://app.dam.finance/
- Swap it from any SquidRouter supported network — https://app.squidrouter.com/
- Swap it for any other asset on Moonbeam via BrainDEX (https://www.braindex.io/swap?network=moonbeam) , Curve (https://curve.fi/#/moonbeam/pools/factory-v2-18/deposit) , or StellaSwap (https://app.stellaswap.com/pulsar)
With the borrowed d2o from Orbiter, you can farm rewards on Curve and Stella, rent the Great Escape NFTs or partake in a myriad of other utility opportunities on Moonbeam.
We are thrilled about the addition of d2o on Orbiter One and believe that this is a significant development in the usage of native over wrapped assets.
We encourage users to explore the various options available on Orbiter One and consider whether it makes sense for them to take advantage of its unique features.
This is not financial advice, always do your own research.
About Orbiter One:
Orbiter one is a peer-to-peer lending protocol focused on cross-chain Interoperability. Orbiter one is fully decentralized, transparent, and non-custodial. Users have the flexibility to lend digital assets on Orbiter one and use their capital as collateral to borrow supported assets.
About DAM:
DAM is an omnichain stablecoin protocol between sovereign networks. DAM’s first decentralized application is d2o, a stablecoin collateralized by USDC on Ethereum, and teleported to destination networks as a native asset through a mint-and-burn architecture.
