Bringing Stablecoins to Aurora, the aUSDO + Great Yield Farming with Trisolaris!
Further to our previous deployments on NEAR and Harmony, we are very pleased to announce that we are now ready to also launch the first CDP-based stablecoin to Aurora, all through the OINDAO tomorrow (March 11th) at 10:00 PM EST.
To go along with the aUSDO — we also have a DEX listing and farm on Trisolaris, hitting the ground running with incredible yield farming benefits and rewards!
The aUSDO — More Than Just a Stablecoin
The current prominent stablecoins circulating on Aurora, such as USDT and USDC, are all fiat-backed stablecoins that primarily serve as a storage of value.
The OINDAO V3 provides a paradigm shift for Aurora into CDP-based stablecoins, through which users can leverage their assets to borrow and mint on-chain stablecoins through collateralizing their holdings. As a result, the aUSDO is more than just a storage of value, it also serves as a tool for leveraged trading and capital efficiency optimization for users of Aurora.
The aUSDO will start with one accepted collateral, the wNEAR, but will expand to accept other popular tokens on Aurora, as well as interest-bearing tokens and LP tokens to enable leveraged yield farming.
Partnership with Trisolaris
Alongside the aUSDO launch, will be our listing on the largest DEX on the Aurora protocol, Trisolaris. To celebrate this launch and the fruition of our partnership, there will be exciting rewards for our users.
This launch with Aurora also brings another collateral for the aUSDO! The xTRI token of Trisolaris, the token you receive for staking TRI tokens, will be added to the collateral for aUSDO at a later date. This provides another layer of yields, accessibility for TRI users, and allows those who hold xTRI to mint aUSDO without selling their favorite assets.
Trisolaris Farm Details
aUSDO <> USDT [LINK]
- Start: March 14th — users can become an LP now to gain an early start in the farms!
- Amount: Approximately 130,000 TRI/month + 5,000 wNEAR/month
Separately, we also have Stability Pool rewards on the OINDAO itself for users who wish to stake aUSDO on our platform to boost participation in the first month:
- 10,000 OIN tokens
Quick Facts
- Collateralize wNEAR to mint / borrow the aUSDO
- Minimum collateralization ratio = 150%
- Minimum debt = 100 aUSDO
- Stability Fees payable in aUSDO which will be used to repurchase and burn the OIN token
- A 0.5% borrowing fee will be deducted immediately
Our partnership with Aurora and Trisolaris is a milestone of many! We are excited to bring the aUSDO to market and offer users scalable opportunities.
This is another stepping stone in helping build the DeFi infrastructure and bridging the gap to other blockchains for a bright and colorful ecosystem.
Keep an eye out for the upcoming public release and other exciting updates!
ABOUT OIN FINANCE
OIN is a decentralized stablecoin issuance platform. With a robust set of features such as single-vault liquidations and own-brand-labelled stablecoins, we bring the best stablecoin solutions for all, including layer-1 partners.
For all the recent updates and progress, connect with OIN Finance and become a part of our community at:
Homepage | Medium | Twitter | Telegram | GitHub | E-mail
About Trisolaris
TriSolaris is a community-owned decentralized exchange (DEX) with fast-settlement, low fees, and a democratic governance process. Built on NEAR’s Aurora EVM, TriSolaris is building the one-stop-shop for DeFi on NEAR!
You can find them at:
Website | Twitter | Telegram | Discord | GitHub
ABOUT AURORA
Aurora is a decentralized application platform based on third-generation blockchain technology dedicated to providing mature blockchain technology solutions for the entire industry.
You can find them at:
Homepage | Medium | Twitter | Telegram | E-mail
