Frontier Joins OINDAO to Mint Their Own Stablecoin
DeFi aggregator and wallet Frontier has partnered with OIN Finance to make its native token available on OINDAO for stablecoin issuance.
We’re pleased to announce another token that will join OINDAO — the second in as many weeks, no less. Frontier is bringing its FRONT token to the OIN ecosystem, making it available for collateralization, enabling stablecoin minting. The second project token to be added to OINDAO after STPT, FRONT will unlock a host of DeFi capabilities. The integration also strengthens the value proposition of OINDAO, which is rapidly evolving into a powerful portal for stablecoin issuance and management.
Frontier is on a mission to make DeFi more accessible to newcomers, empowering them with the tools for better financial management and profit seeking. In that respect, its mission overlaps with the work we’re undertaking to enhance the DeFi user experience, through interoperability and lowering the barriers to entry.
This latest addition to the OINDAO platform gives great momentum to our product lines, bringing great exposure, another influx of users, and boosts confidence in the platform itself. We are excited to welcome the rapidly growing star, Frontier.
Integration Meets Interoperability
While interoperability is top of the OIN Finance roadmap, Frontier is making great strides in pursuing the other ‘I’ — integration. By aggregating and integrating multiple DeFi protocols, Frontier makes it easier for users to track, view, and manage their finances. Although focused on the Ethereum ecosystem right now, like OIN Finance, the project is chain-agnostic — meaning where they’re going, we’re headed.
As OINDAO is the first decentralized stablecoin issuance platform that issuance platform that also caters to the small cap assets, we are providing a different platform and a more tailored solution from Maker DAO, to empower projects like Frontier to issue their own stable assets.
Frontier has already added support for Binance Chain, BandChain, Kava, and Harmony, and is looking to follow suit for Polkadot, with the aid of StaFi Protocol. In the here and now, though, Frontier’s FRONT token can soon be locked into the OINDAO platform and used to mint stablecoins.
A New Frontier for Decentralized Finance
The FRONT token will be made available for staking on OINDAO from December 21st, 2020. Thereafter, your balance can be viewed in the OINDAO dashboard, if you hold FRONT tokens in a connected MetaMask wallet. After locking FRONT tokens into the OINDAO smart contract, you can mint USDF1 tokens and view the status of your position at a glance. Collateral ratio, liquidation point, and stability fee are all displayed.
Having minted USDF1 using FRONT, you can put the stablecoins to work for DeFi, eventually being redeemable for a variety of other liquid assets like DAI, USDC, USDT, and even NFTs. To unlock your FRONT, simply reverse the process, swapping your USDF1 for FRONT via the OINDAO dashboard.
We look forward to welcoming the Frontier community to OIN Finance, as we build out our gateway to the world of decentralized finance.
About OIN Finance
OIN is a cross-chain layer 2 infrastructure that opens the door for all the blockchain assets to leverage the growing DeFi space. Starting with OINDAO, users can leverage their assets to create their own stablecoin, allowing new use cases and methods of incentive distributions. OIN will build the bridge technology to seamlessly integrate Ethereum and others to start into its ecosystem, opening up to all of the current DeFi space, leveraging their assets and providing yield stacking, mining pools, and more. The dedication to this end is reflected in a three-pronged mission: become the gateway into DeFi, promote the DeFi industry, and grow the DeFi Space to maturity.
To keep updated on our progress, follow OIN Finance at:
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About Frontier
Frontier is a Chain Agnostic DeFi Aggregation layer. Using Frontier, Users can Track and Manage DeFi positions, Stake Assets, Swap, or Exchange Assets, and explore more DeFi Applications in one single place. Frontier is also building Frontier chain, which is a Decentralized Key Management blockchain based on Cosmos SDK.
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