OpenDAO has made a strategic investment in Omni Consumer Protocols and YOU get to benefit.
TLDR —
Via a strategic investment in OCP, OPEN holders will be able to claim 5,000,000 OCP tokens by staking their pOPEN tokens here.
OCP have created the first $USDO and $EURO minter on their platform, OmniCOMP. You can go to omnicomp.ocp.finance (BSC) to mint dollars with your crypto now.
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OMNI CONSUMER PROTOCOLS (OCP)
Omni Consumer Protocols is a BSC native protocol building a suite of innovative products in DeFi. You can find out more about OCP at ocp.finance.
OCP are the grant recipients in our grant to build a compound based synthetic minter on Binance Smart Chain. Since working with the team throughout the grant process, we were increasingly impressed by their execution and roadmap, and ultimately chose to make an investment in their IDO.
We chose to invest in, and work with OCP, rather than build our own minter from scratch for 3 main reasons:
- The OCP team are BSC native, and were already looking to go down this path.
- As per our current roadmap, it’s important for us to leverage as many allies as possible to build on top of $USDO for a wider distribution and quicker adoption.
- Our team’s focus going forward will be to predominantly focus on ways to achieve distribution for $USDO — rather than to build the applications themselves. We will be writing more on this in the near future.
CLAIMING THE OCP TOKENS —
As an OPEN token holder, you benefit directly in OpenDAO’s investment in OCP. The 5,000,000 OCP tokens given to OpenDAO as part of our investment will be claimable by any OPEN token holder who stakes their OPEN (specifically pOPEN) over a 26 month linear unlock.
To stake your pOPEN for OCP, go to the farm we have set up on Value DeFi.
Remember this is on Binance Smart Chain so if you have OPEN (ERC-20) you’ll first need to convert it to pOPEN (BEP-20). You can use our handy converter here to do so.
The $USDO Minter —
Most exciting of all is the launch of the first $USDO minter on omnicomp.ocp.finance
Here you can supply a bunch of collateral such as BNB, BTC, Stablecoins and more — all with varying collateral factors based on liquidity and volatility.
Once you’ve supplied collateral you can mint $USDO and $EURO. From there you can go into other more widely accepted stablecoins, provide liquidity, and stake to earn various types of reward tokens.
Eventually, we will be bringing more and more of our OpenDAO partners over to this minter. We are already doing testing with Ravencoin and Doge as minting collateral!
Disclaimer — whilst we’ve worked closely with the OCP team and can vouch for their capabilities these are not OpenDAO contracts so please DYOR and read all applicable guides before using.
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OpenDAO Links
Main Site: https://OpenDAO.io
Discord: https://discord.gg/5ZtVDbN2CP
Youtube: https://youtube.com/channel/UCv5O3ANjupSH_yJmdY4o59g
Twitter: https://twitter.com/opendaoprotocol
White Paper: https://opendao.gitbook.io/whitepaper-v2/
Transparency Document: https://opendao.gitbook.io/transparency/
GitHub: https://github.com/opendao-protocols
Telegram: https://t.me/opendao
Facebook: https://facebook.com/OpenDAOofficial
Reddit: https://reddit.com/r/OpenDAO/
pOPEN contract: https://bscscan.com/address/0xabae871b7e3b67aeec6b46ae9fe1a91660aadac5
OCP Links
.// OCP.finance
.// OmniCOMP.ocp.finance
.// t.me/OCPcorp
.// twitter.com/OmniC_Pro
