OIN and Fire Protocol Join Forces to become One-stop DeFi solution
OIN is excited to announce the partnership between OIN and Fire Protocol, the next generation Decentralized Finance Protocol. This partnership entails many new opportunities. It will help both the projects to increase their productivity and help their community in the process. OIN will use Fire Protocol’s cutting-edge technology to wrap its assets onto Huobi Eco Chain (HECO). With this partnership, both the projects aim to further their services and offer seamless solutions to their stakeholders.
What is OIN?
OIN is a Decentralized Finance platform that helps issue stablecoin for blockchain projects using its advanced multi-faceted infrastructure. With the help of its superior DeFi functionality, the company enables small and large projects to leverage its OINDAO product for staking yields. The company has always appreciated its members’ support for staking and mining stablecoin and rewards their efforts by allowing them to mine OIN rewards. With this partnership with Fire Protocol, OIN hopes to open new possibilities for both company’s communities.
What is Fire Protocol?
Fire Protocol uses Huobi Eco Chain to take its Decentralized Finance protocol to the next level. Huobi Eco Chain is a highly efficient and practical public chain launched by Huobi Open Platform. The Fire Protocol can help OIN move its digital assets to the Huobi Ecosystem using its cross-chain solutions. Fire Protocol is a single-step solution for all trading, lending, and borrowing needs. By making every Decentralized Finance activity happen in a single place, Fire Protocol enhances the overall liquidation process.
What does this partnership entail?
This partnership between Fire Protocol and OIN will optimize the productivity of OIN’s and Fire Protocol’s staking activities. By using the Cross-chain Wrapping services provided by Fire Protocol based on the development under Huobi Eco Chain, OIN can move its assets to a new Huobi Ecosystem and operate all its functions in a single place.
“With Fire Protocol joining the OINDAO, we show that our momentum shows no signs of slowing, and that our quick sprint to grow our platform is a marathon. Fire brings a great community that is loyal to the innovative DeFi project, and our joining signals that DeFi can be a cooperative effort to grow the crypto space. We can’t wait to see them launch on OINDAO, and to see the first Fire stablecoins being minted!” — Richie Li, co-founder
The main revenue of both companies is generated by staking and mining the currencies with their community members’ help. Fire and OIN will do partner staking programs that will be beneficial for the company and mean greater rewards for the members. OIN will leverage Fire (ERC20) to become a better staking and mining Decentralized Finance platform. We are thrilled by this new partnership as it will help us better serve both our clients and members.
“As the first infrastructure on HECO, Fire Protocol is happy to witness more top-tier projects joining the ecology and building amazing things by using the technology that HECO and Fire Protocol offer. More liquidity and functionalities will be strengthened on HECO as more are joining. ”, said Danny Christ, Advisor to Fire Protocol.
About OIN
OIN is a stablecoin issuance platform that uses its multifaceted infrastructure to bring great Decentralized Finance functionality for various blockchain projects. It has a unique and versatile blockchain infrastructure that provides one-of-a-kind DeFi functionality to small and large-scale blockchain projects.
OINDAO service helps users leverage their assets and mint their stablecoin tokens with a flexible staking pool. Users can exchange these tokens for other coins to build their holdings.
OIN has the brains and the tools to provide a platform for seamless integration between Ethereum and other cryptos in its ecosystem. By doing so, we will open up to all of the DeFi space and provide them the tools to leverage their assets for staking rewards, mining and staking pools, and more. This mission will be achieved by a three-way approach:
- Becoming the gateway for DeFi
- Promoting and building up the DeFi space
- Walking the DeFi industry to maturity.
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