OINDAO V3 to List Aurora Stablecoin, the aUSDO, January 20th!
To continue the momentum we’ve built up, we’re excited to bring you the next big stablecoin, the wNEAR-backed aUSDO on January 20th! This development has potential to leverage Aurora’s strengths to amplify DeFi functions for both Aurora and OIN Finance.
Aurora is a decentralized application platform based on third-generation blockchain technology dedicated to providing mature blockchain technology solutions for the entire industry.
As an Ethereum Virtual Machine (EVM) built to scale projects built on the NEAR Protocol, Aurora aims to integrate blockchain into different industries such as finance, e-commerce, gaming and more. It uses scalable technology for the main network and the entire ecosystem that will build a bridge between blockchain and any other platforms and projects that join their quickly growing platform, making a great case for the usefulness of stablecoins!
The Stablecoin
- Launch Date: January 20th
- Stablecoin Ticker: aUSDO
- Collateral: wNEAR
- Blockchain: Aurora
- Comes with all the usual OINDAO V3 features such as leveraging and yield farming!
Named aUSDO, Aurora users will gain a great way to leverage and use a stablecoin native to Aurora through the OINDAO V3 platform. Just like any other stablecoins, users can deposit their wNEAR to mint aUSDO up to 160% collateralization rate.
As Aurora expands to become a leader in scalability, cross-chain performance and more, their use cases for the stabelcoin will grow along with it. The aUSDO has the capabilities to become one of the foundational key pieces to their DeFi infrastructure, providing an easy leveraging opportunity while being a great way to transact value within and across the platform.
The Ecosystem
The OINDAO V3 having both an EVM compatible as well as a NEAR-based version the possibilities are endless. The spirit of both our platforms are aligned as well, as we intend to spread and scale DeFi solutions, while AURORA aims to scale DApps and give them a place to thrive.
Starting with leveraged yield farming opportunities, we’re in the process of connecting with Aurora ecosystem partners, expanding the use case for the aUSDO and strengthening the case for the Aurora-native stablecoin in becoming a key lego brick for DeFi.
Together with Aurora, we will be creating a bright and colorful blockchain ecosystem.
Don’t miss out on our upcoming initiatives with Aurora and of course, an exciting development regarding the yield farming incentives mentioned above!
ABOUT OIN FINANCE
OIN is a decentralized stablecoin issuance platform. With a robust set of features such as single-vault liquidations and own-brand-labelled stablecoins, we bring the best stablecoin solutions for all, including our Layer-1 and Layer-2 partners.
For all the recent updates and progress, connect with OIN Finance and become a part of our community at:
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ABOUT AURORA
Aurora is a decentralized application platform based on third-generation blockchain technology dedicated to providing mature blockchain technology solutions for the entire industry.
You can find them at:
