Avalanche to list on OINDAO, and expand Inter-Platform functionality with OIN
OIN is thrilled to announce its partnership with Avalanche. Avalanche is a high-speed open-source platform that can efficiently support decentralized applications, interoperable blockchains, and financial primitives.
Avalanche, having quickly gained popularity, is one of the leaders of open-source platforms. This partnership will open new opportunities for OINDAO’s development as this new addition to the ecosystem is one of the top blockchain projects revolutionizing the Defi space. The value-adds on both sides of the partnership can provide a great starting point for a long-lasting partnership.
OIN’s first product, OINDAO, will enable Avalanche to launch its own branded stablecoins pegged to the US dollar.
About Avalanche
Avalanche is an open-source platform that can launch extremely decentralized applications, new interoperable blockchains, and new financial primitives. The company democratizes different financial markets and blockchain platforms to bridge them into a single interoperable ecosystem.
Clients can deploy custom blockchains according to their application needs and dictate the blockchain on how to operate. The company is far better than anyone else in launching smart assets following unique parameters and trading restrictions.
About OIN
OIN is a stablecoin issuance platform that leverages its multi-faceted infrastructure to provide unique Decentralized Finance functionality. With the help of OINDAO, the company helps small and large-scale blockchain projects by providing them access to the latest Decentralized Finance technology.
OINDAO will allow companies to mine their stablecoin with a customizable staking pool. Enterprises and users can swap the stablecoin for their preferred coins and increase their holdings. Every user can increase their holdings by staking derivatives for various projects.
What does the partnership entail?
This partnership is targeted to enable Defi users to mint stablecoins while using AVAX as collateral. OIN’s community users will be able to leverage AVAX as collateral to yield more rewards and increase their holdings. OIN will also leverage Avalanche’s smart contracts to further their resources and increase their potential in the DeFi industry.
In the initial stages, OIN will help Avalanche to create AVAX backed stablecoin using OINDAO. On completion in April 2021, this partnership will open the gates to several new possibilities and tools for both companies. OIN will generate revenue by helping Avalanche mint their stablecoin for value creation and transfer while creating an easy medium for trade.
Avalanche will also benefit from OIN’s several partnerships with major DeFi platforms by becoming accessible to a new set of users.
“We have been striving to provide all blockchain projects, large or small, the ability to mint their own stablecoins. With Avalanche joining the OINDAO platform, we’re certain that its community will advance the possible use cases and discover new value and applications of our service. We’re excited to be joining one of the leading DeFi ecosystems, and look forward to growing together with the Avalanche community.” — Richie Li, Co-Founder of OIN Finance.
Avalanche has become popular in the DeFi space very quickly and has gained traction with several DeFi applications. The company has tied up with DeFi applications such as TrueUSD, bZx, Pangolin, and Injective Protocol by offering faster and affordable transactions.
By integrating Avalanche’s smart contracts and capabilities, OIN can progress on its mission to increase interoperability amongst different platforms to the DeFi space.
About OIN
OIN is a decentralized stablecoin issuance and trading platform. While MakerDao allows only mainstream assets to be used as collateral to issue DAI, OINDAO allows projects, large or small, to issue their own brand labelled synthetic assets that are collateralized by their own coins; in essence, any projects can mint their own stablecoins to participate in the greater DeFi ecosystem. Starting with Ethereum, and gradually expanding to other popular ecosystems such as Polkadot, Avalanche, and Near, OIN is on track to become a one-stop shop for cross-chain stablecoin issuance, trading, and implementation.
With planned off ramps and use cases such as swapping for other mainstream stablecoins, adding leverage, hedging, lending, and a plethora of ecosystem-specific utility, OIN is expanding DeFi to cover all of the crypto space.
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