OneRing x Hundred Finance Partnership
Welcoming the newest member of The Fellowship
OneRing Finance are thrilled to announce that we have agreed to a partnership with Hundred Finance. We are confident that this long-term collaboration will be extremely beneficial to both projects and our respective communities.
The Collaboration
The teams from OneRing and Hundred Finance are still in the exploratory phase of partnership development, but we are excited to share with you some of the early developments.
First and foremost, OneRing will begin utilizing Hundred Finance’s stablecoin vaults. For depositing in these vaults, we receive their interest-accruing hTOKENS. We have additional plans for these hTOKENS that will return even greater yield for OneRing depositors, but we will reveal those plans in another partnership announcement soon. If you are interested in learning more about the mechanics of hTOKENS, you can read all about them here. On top of enhanced yield, collaborating with Hundred Finance also enables us to diversify risk to an even greater extent.
We are very pleased to welcome Hundred Finance into the realm of The Fellowship. Their team is as professional and as knowledgeable as they come and working together will be of tremendous benefit to OneRing. Please stay tuned for more updates as this collaboration evolves over time.
About Hundred Finance
Hundred Finance is a decentralized application (dApp) that enables the lending and borrowing of cryptocurrencies. A multi-chain protocol, it integrates with Chainlink oracles to ensure market health and stability, while specializing in providing markets for long-tail assets.
Website || Medium || Twitter || Discord
About OneRing
OneRing is the first multi-chain cross-stable coin yield optimizer in the space. The goal of OneRing is to take away the complexity of DeFi 2.0 and make things easy for the user. By this, we will be able to open the DeFi space for a whole new layer of users that want to receive yield on their stables instead of just having them sit in their wallets. With a strong network of partners, KOLs, advisors, and such, OneRing aims to go right to the top and set new benchmarks for the upcoming DeFi 2.0 winter.
