USDO Stablecoin on Metis via AgoraDeFi Money Market
OpenDAO Grant Partner Paves the Way on Metis Blockchain
OpenDAO is pleased to announce our foray onto the Metis blockchain via Agora DeFi’s borrowing and lending platform!
The secret is out!
Agora received a $10,000 grant from OpenDAO in order to provide a use-case for USDO on Metis.
Agora received a $10,000 grant from OpenDAO in order to provide a use-case for USDO on Metis. In exchange for the grant, Agora has listed USDO as an asset on their money market. Further, an AGORA/USDO LP will be established, incentivized from the initial LP farm allocation.
The USDO bridge from BSC to Metis is in progress, and we can expect some updates on that in the coming weeks, leading up to Agora’s air drop.
USDO on Agora is a massive opportunity for the DAO, as the stablecoin’s success will ultimately determine ours. So far, their project is going strong — the second largest project on the Metis blockchain to date… and growing rapidly (Congratulations Agora team!) Having USDO on Agora’s money market provides us with the chance to make USDO a cornerstone of the Metis blockchain.
We hope to be part of similar green-field chain expansions in the coming future, and are cooperating with partners to gain the first-mover advantage.
ABOUT AGORA
Agora is a decentralised non-custodial liquidity market protocol where depositors provide liquidity to the market to earn a passive income while borrowers are able to borrow against their assets.
The platform is on trajectory to be the de facto money market on Metis, and feature a community-propelled “fair launch.” That means no private investors, VCs, or team allocation. You can learn more about it here.
All are invited to join the Agora Discord and/or Agora Telegram; the Agora team and members of the community look forward to supporting you.
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