Mint USDO Stablecoin with $HYVE: How To
Getting Value from $HYVE with OpenDAO’s Stablecoin Minter on BSC
OpenDAO’s Stablecoin Minter is a powerful DeFi tool that allows you to unlock the value inherent in a variety of assets while earning more of those same assets in the process.
It’s simple!
Stake HYVE in the vaults to mint USDO → Supply USDO alongside HYVE at a high native APY → Lend USDO to earn → Repay to unlock collateral.
EASY!
Details Below
CONTENTS
→ How To
→ About USDO
→ About HYVE
→ About OpenDAO
→ ???????????????????
HOW TO
[STEP 1] Go to https://mint.opendao.io/
⚈ NOTE KEY DETAILS:
{2} Quick Links: Takes you to buy, add liquidity, and staking sites for the selected asset — — — — — -
{3} Your Info: Very important information about your position and assets — — — — — — — — — —
{4} Stablecoin Module: Stake, Mint, and Lend! This is where the action happens. See more below.
[STEP 3] Stake
⚈ Click “Approve” and confirm in your wallet.
NOTE: For first time stakers, there will be TWO Metamask transactions — one to stake and another to enable collateral
⚈ Enter the amount you’d like to stake, or click the “% or MAX” buttons
⚈ Click “SUBMIT”
⚈ Your collateral is staked, and you can now start minting
[STEP 4] Mint USDO
⚈ Choose the top center tab — “Mint USDO”
⚈ The “Mint” subtab should be automatically selected
⚈ Click “APPROVE” — Confirm in wallet
⚈ Enter the quantity
⚈ Click “SUBMIT” — Confirm in wallet
⚈ NEW squeaky clean USDO! Cha-ching!
Hey USDO Holder!
With your newly minted USDO, you can supply liquidity to various LPs to earn trade fees. Once you’re an LP, stake in the auto-compounding farms to earn more.
INSTRUCTIONS BELOW!
[STEP 5] Add USDO + HYVE to a Liquidity Pool
This is how we get more of your favorite asset!
Let’s start by adding $HYVE and $USDO to the Liquidity Pool.
⚈ Follow this link here to PancakeSwap or…
⚈ Click the “ADD HYVE-USDO LP” button on the site.
⚈ You will now being earning fees whenever anyone uses the pool to go back and forth between HYVE and USDO! But don’t stop here!
[STEP 6] Auto-compound LP Tokens for a High APY
⚈ Follow this link here to our partner Omni Consumer Protocols, or…
⚈ Click the “STAKE HYVE-USDO LP FOR XXX% APY” button on the site.
⚈ Approve and Confirm in Wallet
⚈ Deposit All!
⚈ Congratulations!
Your USDO and HYVE LP position is now auto-compounding, earning more of itself and reinvesting itself every 24 hours!
What does that mean?
❇️ No more daily rewards harvesting
❇️ No more wonky **** coin rewards
❇️ Yes, more APY!
[STEP 7] Lend USDO
This is a great option for those who want to put some stable coins to work! Probably after having been active in the pools for a while, or during a bear market!
⚈ Choose the top right tab — “Lend USDO”
⚈ The “Lend” subtab should be automatically selected
⚈ Enter the quantity
⚈ Click “SUBMIT” — Confirm in wallet
⚈ Start to EARN!
ABOUT USDO
USDO is an over-collateralized multi-collateral stablecoin pegged to the US dollar, thereby making stocks, real estate, crypto currencies, and nearly any real world asset a viable candidate as collateral for minting it.
One by one, assets are being added as approved collateral for minting our stablecoin, and over the next year, we can expect to see larger, more illiquid, and more ‘tangible’ assets added to our platforms.
Of course, USDO is also jam packed with utility and is available for use across a growing number of platforms. Read more here.
Welcome. You’re early!
Join us in OpenDAO Telegram to get the latest news too!
ABOUT HYVE
HYVE is a blockchain-based freelancing platform that has a bright vision for the future of work, by breaking the barriers between people and enabling peer-to-peer interactions between the parties involved.
HYVE offers a marketplace for businesses to browse profiles of freelancer candidates based on type, level, skills.
The platform serves two main purposes: creating a global task directory and offering infrastructure for decentralized platforms. The platform is designed to cut intermediaries out of the freelance and workforce industry. HYVE’s mission is to reduce fees to 0% and create a community-governed ecosystem, bringing the power of Blockchain into a trillion-dollar industry.
HYVE enables global collaboration between people and machines, and is an open infrastructure for any platform that aspires to become a blockchain-first business. The provided infrastructure includes things such as: contract confidentiality, instant settlement, P2P agreements, a generalistic collaboration module and self-verifiable tasks powered by the HYVE Protocol.
Website | Twitter | Whitepaper | Telegram
ABOUT OpenDAO
OpenDAO (OPEN) is the home of the multi-collateral over-collateralized stablecoin, and we serve as a bridge for real-world assets to cross over into the growing DeFi infrastructure.
The goal is to bring more value into the space by providing exposure to real estate, stocks, and more… all in a uniquely permissionless and seamless manner.
Real world industries’ business models will be completely transformed as a result of our success.
Join our Telegram if you haven’t already! t.me/opendao
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