Origin Dollar (OUSD) - an improved stablecoin for the Ethereum network. OUSD automatically receives competitive profits from DeFi protocols while it is still in your wallet.
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Description of Origin Dollar (OUSD)
Thanks to the new OUSD design, no bets or locks are required to participate in profitable DeFi strategies. Likewise, you don't need to withdraw bets or unblock your OUSD if you want to transfer it to another wallet.
Your earnings are constantly increasing and reflected in your ever-increasing OUSD balance, while still being available for payments, trading and peer-to-peer transactions. OUSD grows passively for you, without requiring the use of other platforms. Experienced DeFi experts and novice users alike passively profit without the typical hassle and complexities of growing crops. Why the project was created:
| Registration | OUSD is a natural extension of Origin's peer-to-peer trading mission. |
| Investments | Having a reliable and desirable stablecoin that leverages the best parts of DeFi will accelerate the growth of our decentralized trading platform. |
OUSD was created by an existing team. It includes serial entrepreneurs with multiple exits, early cryptocurrency investors, early YouTube employees, technical managers at Google or Dropbox, and one of the early co-founders of Paypal. Origin Dollar (OUSD) has several important properties:
- 1 OUSD = 1 US dollar;
- 1:1 backed by other trusted stablecoins (USDT, USDC, DAI);
- provides revenue by deploying underlying assets on a diversified DeFi Elastic Supply protocol suite;
- 100% open source and unlimited access.
Today's launch of OUSD will showcase a simple lending strategy, based on Compound, one of the legos of money.
Project economics
The developers intend to integrate directly with Compound, Aave, dYdX, Uniswap, Curve and Balancer, as well as evaluating more complex strategies such as Yearn Vaults and new platforms. The platform focuses on three types of strategies:
- lending commission;
- automated market maker commissions;
- reward tokens, provided by the new DeFi protocols.
OUSD is designed as a decentralized protocol, governed by many stakeholders around the world. OUSD developers and holders must make important protocol decisions collectively. In doing so, it is imperative at the outset that the core engineering team can act quickly and decisively to create the foundational parts of the protocol. For peace of mind, the company will add a 48-hour time block in the near future after making sure everything works as intended, including the ability to update smart contracts. This will allow the community to monitor any protocol changes that are expected. Moreover, decentralization will take place in four stages.
Additional information
The company is actively developing its social networks, namely Facebook, Twitter channel, Instagram, YouTube and Telegram channel. You will be able to solve any of your problems, as well as find out about the upcoming updates, terms of promotions and sweepstakes.