OIN Finance to Partner with Spin DEX!
OIN Finance is pleased to announce its upcoming partnership with the Spin DEX that is building a DeFi derivatives infrastructure on NEAR Protocol
Earlier this month, Spin announced launching its first on-chain order book DEX on NEAR Protocol’s testnet that already features the core order book functionality. Once APIs and fees are integrated and market makers are onboarded, Spin will go mainnet. After that, Spin plans to move on building an infrastructure for on-chain derivatives trading on NEAR Protocol.
The Partnership
- The OIN token will be listed on Spin Spot DEX
- The nUSDO will gain pairs on the Spin Spot DEX
This partnership comprises future listings of OIN Finance tokens and nUSDO on the Spin DEX, indicating to market makers, liquidity providers, traders, and NEAR holders that they are ready to move on to leveraged yield farming and reap massive rewards. Users thus gain more access to the OIN and nUSDO tokens. Indeed, a huge gain for both communities!
In addition, Spin’s spot DEX will serve as a basis for the protocol’s eventual implementation of NEAR’s on-chain derivatives trading on the NEAR platform in the future. The order book solution combined with stablecoin staking pools provides the optimal blend of security and speed for derivatives markets that never allow traders access to illiquid assets.
Spin also allows users to decrease risk in a cost effective manner and to hedge their positions with derivatives of underlying crypto assets unlocking the potential of decentralized futures and options trading, allowing easy access to these strategies with the OIN and nUSDO tokens.
What You Can Expect
You can expect more high-quality partners to join our ecosystem, as well as some exciting use cases that emerge from our discussions. This also means that Spin DEX will help to strengthen and grow the OIN and ecosystem community!
There will be an upcoming AMA with the Spin DEX community, so keep an eye out on social media for more information!
We are excited about what this partnership can bring, as well as the tremendous potential that exists behind the brand.
Stay tuned for further information on how the OINDAO and nUSDO will integrate with the NEAR environment to expand our DeFi infrastructure!
ABOUT OIN FINANCE
OIN is a decentralized multi-chain stablecoin issuance platform. With a robust set of features such as single-vault liquidations and own-brand-labelled stablecoins, we bring the turnkey stablecoin issuance 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 SPIN
Spin is a DeFi derivatives infrastructure built on NEAR Protocol. The on-chain order book solution offered by Spin is a reliable and scalable L1 solution that provides a CEX-competitive experience to DeFi users.
Founded in June 2021, Spin was the first product to offer on-chain order book solution on NEAR Protocol. The order book based infrastructure unlocks the opportunity to build various types of derivatives with different levels of complexity in the DeFi space including but not limited to perpetual & quarterly futures, power perpetuals, floor perpetuals, options, exotic options, everlasting options, options vaults, basis trading, fixed yield, structured products, and RFQ.
