UNION Partners With OINDAO to Bring Protection & C-OP to Cross-Chain Stablecoin Issuance
We’re pleased to announce our partnership with OIN Finance, a cross-chain stablecoin issuance platform, to bring UNION’s suite of protection and collateral optimization (C-OP) instruments to OINDAO’s users. The collaboration will enable UNION’s capital pools to write protection around OIN staking pools, allow UNION’s lending platform to accept OIN-issued stablecoins as collateral, and issue US-UNN stablecoins via OIN.
“OINDAO’s platform provides a simple and novel pathway for projects to unlock capital from their own ecosystem. When paired with products like UNION’s C-OP and ULend, DeFi users can safely and efficiently access the capital of their tokens by — in essence — partitioning away the volatility associated with crypto currencies.”- John Liu, CPO of UNION.
OINDAO is a cross-chain stablecoin issuance platform built on Ethereum that permits projects to issue their own stablecoins collateralized by the project’s native assets. The model differentiates from conventional approaches in DeFi (e.g., MakerDAO), where the staked or leveraged assets are collateralized to issue a single stablecoin from the platform. With OINDAO, projects can onboard new users with siloed stablecoin issuance. By collateralizing the native project’s token, they can unlock the benefits of stablecoins without losing exposure to the underlying asset.
Initially, the UNION and OINDAO partnership will encompass the underwriting of OIN pools, the governance and staking token of OINDAO, by UNION capital pools. Subsequently, UNION’s lending platform will allow any OIN-issued stablecoin to be used as collateral, with the borrowing factor adjusted based on the appropriate risk parameters.
UNION will also issue USD — UNN, a stablecoin via OIN collateralized by UNION’s native UNN governance token. UNN holders can subsequently lock-up UNN (without losing exposure) to mint a stablecoin via OIN and deploy it between various market opportunities across DeFi platforms. The UNION lending platform can even use C-OP (which is 1:1 backed by the stablecoin) to optimize UNN collateral ratios with OIN — effectively lowering the collateral required to go from UNN → USD — UNN. This provides a unique avenue for increasing demand for UNN by extending its featured use cases to stablecoin deployment, characteristically one of DeFi’s highest-demand asset types.
“As our OINDAO grows in number of tokens offered, it gives us confidence to see such great projects as UNION joining. Their advances in DeFi features such as user protection are a great asset to the industry, and to see such progressive projects put their trust on our platform gives us confidence that we can build something great together. We’re excited to have them on board!” — Richie Li, co-founder at OIN Finance.
We look forward to what the future holds between UNION and OINDAO as we look to expand the functionality of UNION’s lending platform and native token, UNN. OINDAO helps reduce the barriers for altcoins to serve as the underlying collateral for stabelcoin issuance — unlocking investor capital for deployment in other DeFi opportunities. For UNION, that represents a promising scope of capital pools for underwriting protection and C-OP adoption.
OIN brings great DeFi functionality, such as stablecoin issuance to blockchain projects through a multi-faceted infrastructure. OIN empowers projects, large or small, with access to the next step of the blockchain revolution: decentralized finance.
OIN’s versatile blockchain infrastructure brings an easy solution to create DeFi functions where there was none. Their first live product, the OINDAO, enables projects to mint their own branded stablecoins with a customizable staking pool, which the user can then swap for their favorite coins to increase their holdings. The user is thus able to leverage their holdings, earn rewards,and use their stablecoins in a multitude of use cases, often offered as specific ecosystems by the projects. OIN makes all this possible in an easy solution, with more products to come.
To keep updated on our progress, follow OIN Finance at:
UNION is a technology platform that combines bundled protection and a liquid secondary market with a multi-token model. DeFi participants manage their multi-layer risks across smart contracts and protocols in one scalable system. UNION decreases the entry barriers for retail users and lays the foundation for institutional investors. UNION’s full-stack DeFi protection is inclusive, composable, and brings battle-tested capital and pricing models from TradFi to the DeFi ecosystem.