OIN Finance Partners with Paras — The Premier NFT Platform!
We are excited to announce our latest addition to our list of partnerships and stablecoins to be listed on the OINDAO!
The Partnership
Paras, an NFT platform on the NEAR blockchain, has committed to launching a stablecoin through the OINDAO through the collateralization of the Paras token.
With the need for a stable transfer of value becoming more and more apparent, Paras plans to join the OINDAO to take full advantage of the benefits of such a transaction. The stablecoin is planned to be used for NFT transactions on their marketplace.
The Benefits
As the OINDAO V3 nears its release, we are seeing the platform take more interest with a greater, more developed ecosystem both on the OINDAO itself and our partner’s platforms. A greater penetration of our partner’s markets will spur adoption of the OINDAO’s stablecoins and ease the minds of retail skeptics in the use of stablecoins as a transfer of value.
This partnership also serves as evidence that our adaptation of the OINDAO to other layer-1 blockchain platforms is applicable to any partner that we can onboard.
“Bringing stablecoin into Paras marketplace will give more options for buyers and sellers to transact.” — Rahmat Albariqi, founder
This initiative is being undertaken to provide their users and community more options in their method of transactions, and (hopefully) have easy fiat on-ramps in the future.
Through having a stablecoin that can be easily transacted for NFTs, Paras aims to attract the mainstream masses, as they are more approachable for those unfamiliar with the crypto world.
We are incredibly excited to start bringing on other layer-1s, and look forward to growing the DeFi space and stablecoins together!
ABOUT OIN FINANCE
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. Having commenced with Ethereum, and gradually expanding to other popular ecosystems such as Elrond, Polkadot, Avalanche, and most recently Binance Smart Chain, OIN’s aim is to become a one-stop shop for cross-chain stablecoin issuance, trading, and implementation.
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