OINDAO Product Update: AstroFarming — Farm USDC-USDT TLP from Trisolaris While You Leverage!

We are excited to introduce another game-changing product feature of the OINDAO V3 — AstroFarming!

AstroFarming allows users to farm and maximize their yields WHILE leveraging and minting stablecoins!

The OINDAO’s developments this past year have largely been in effort to drive capital efficiencies for our users and tailor-make a platform that best suits their needs. This has led us to trying to optimize for yield-farming, which has by and large been the biggest building pillar for DeFi. Inspired by Abracadabra’s Degenbox Strategies, OINDAO will now be able to accept LP tokens as collateral to mint stablecoins WHILE farming, starting with the aUSDO!

The exciting new feature is planned to go live this Wednesday 27th April. The first asset we will include into OINDAO’s AstroFarm will be the USDC-USDT TLP token from Trisolaris to mint aUSDO — our stablecoin on Aurora!

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AstroFarming will allow users to stake and auto-compound in farms, all while collateralized to mint stablecoins!

AstroFarming 101

• The collaterals enabled with this feature will deposit your collateral onto the corresponding farms (in this case the USDC-USDT TLP token to farm TRI)!
• Your rewards will also be automatically compounded (currently 8% APR) and converted to more USDC-USDT TLP tokens; you don’t have to claim TRI rewards and redo the process all over again
• Compounding is done automatically once 200 TRI is collected collectively for all depositors of the USDC-USDT TLP vault, note the system takes a 10% Management Fee from the collected rewards as protocol revenue
• Because USDC and USDT are stablecoins, your C-ratio will likely increase due to auto-compounding, netting off the stability fees incurred. Once you mint aUSDO, you can convert it to more USDC and USDT to gain leveraged exposure to the USDC-USDT TLP farms, though watch out for the slippages
• Or you can take advantage of the aUSDO-USDT farm on Trisolaris (currently 35% APR), yielding a total of 8% + 35% = 43% APR — ALL for staking stablecoins!

Stablecoin Yield Farming with Astrofarm

As the underlying assets are stablecoins (USDT and USDC are typically not expected to move substantially in price), the LP token-backed assets are some of the most resistant to liquidation. This means it’s comparatively a much less volatile asset, allowing for a lower minimum C-ratio (110%).

We at OIN Finance are excited to combine our passion for blockchain and DeFi tech to provide our users with the tools to maximize capital efficiencies and further their pursuit towards financial freedom.

ABOUT OIN FINANCE

OIN is a decentralized stablecoin issuance platform, allowing users to easily leverage their tokens or interest-bearing assets for leveraged yield-farming strategies. With a robust set of features such as single-vault liquidations and own-brand-labelled stablecoins, we bring the best of both stablecoin solutions and yield farming strategies, all in one platform.

For all the recent updates and progress, connect with OIN Finance and become a part of our community at:

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