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Home DEFI

Ousd.com Defi Review: Complete Guide & Review About Ousd

Verna by Verna
July 20, 2021 - Updated on September 6, 2021
in DEFI
Reading Time: 6 mins read
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What Is Ousd.com? Complete Guide & Review About Ousd
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About Ousd.com

Ousd.com (OUSD) is a new stablecoin that was initially launched in September 2020 on the Ethereum network. Its design is superior to existing stablecoins because OUSD captures competitive yields while being passively held in wallets. In 1999, Yu Pan, Origin’s R&D engineer, and his fellow PayPal co-founders conceived of creating “the new world currency”, complete with interest yielding strategies and debit cards without having to connect to traditional banking systems. Several pivots and an eBay acquisition later, PayPal dropped its ambitions in this area.

Almost two decades later, Tether introduced the concept of a USD-denominated stablecoin in 2014. Ousd.com Since then, stablecoins have proven themselves as an ideal way of transferring value without exposing users to the price volatility of free-floating currencies. Today, more value is transferred via Tether than with Bitcoin. Meanwhile, Decentralized Finance (DeFi) has experienced an explosion of growth with billions of dollars of capital now locked up in smart contracts that generate yields from lending and trading protocols.

One of the problems with existing stablecoins is that users have to constantly choose between holding an easily spendable coin and earning yields by locking their tokens up in smart contracts. For example, users that lock up USDC in Aave cannot spend a portion of that USDC simultaneously. Expensive Ethereum gas fees serve as “switching costs” each time those users want to switch between spending mode and earning mode.

Ousd.com Storage Key Points

Coin Basic Information
Coin Name Ousd.com
Short Name DONI
Circulating Supply9,002,926.52 OUSD
Max Supply9,002,927
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter Page Click Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project Website Click Here To Visit Project Website

How It Works

100% Backed and Stable

Origin Dollar (OUSD) is an ERC-20 compliant token for the Ethereum network. OUSD is a stable currency that is backed 1:1 by other stablecoins like USDT, USDC and DAI. As a result, 1 OUSD should always be very close to 1 USD in value.

Minting OUSD

Users convert their existing stablecoins (currently USDT, USDC, and DAI) to OUSD at the official Origin Dollar DApp. Issued OUSD begins accruing compounding yield immediately.

Redeeming OUSD

Users can convert their Ousd.com back into other stablecoins at any time using the Origin Dollar DApp. A 0.5% exit fee is charged upon redemption and is distributed as additional yield to the remaining participants in the vault. The fee serves as a security feature to make it difficult for attackers to take advantage of lagging oracles, preventing them from syphoning stablecoins from the vault in the event of mispricings of of the underlying assets. The fee exists to incentivize long-term holders over short-term speculators.

Automated Yield Farming

OUSD Coin generates yields by deploying the underlying stablecoins that were deposited to the OUSD smart contract to other DeFi protocols such as Compound, Aave, Uniswap, Balancer, and Curve. It is expected there will be new diversified strategies added to the vault every month. Collected interest, trading fees, and rewards tokens are pooled and converted to stablecoins to produce OUSD-denominated yields. Over time, the protocol will move assets in and out of different liquidity pools in order to provide the best yield to the holders of OUSD.

Elastic Supply

The generated returns are passed on to the holders of OUSD via constant rebasing of the money supply. OUSD constantly adjusts the money supply in response to the yield the protocol has generated. This allows the price of OUSD to stay pegged at $1 while the balances in token holders’ wallets adjust in real-time to reflect yields that have been earned by the protocol.

All the earnings, none of the hassles

Ousd.com DeFi yields are automatically converted to OUSD and accrue in your wallet. Your OUSD balance compounds multiple times per day. No staking or lock-ups are required.

Spend your OUSD with ease

There’s no need to unwind complicated positions when you want to spend your OUSD. Transfer OUSD without having to unstake or unlock capital.

Elastic supply, stable price

OUSD is pegged to the US Dollar. Returns are distributed as additional units of OUSD. Supply rebasing happens multiple times per day. See your OUSD grow much faster than your USD grows in traditional savings accounts.

1:1 backed by other stablecoins

OUSD.com is secured by other proven stablecoins like USDT, USDC, and DAI. Capital is further insured by governance tokens issued by platforms like Aave and MakerDAO.

Automated yield farming

Ousd.com Automated strategies in transparent OUSD smart contracts manage your funds. See exactly how your money is being put to work.

You always have full control

Store and earn OUSD Cryptocurrency with non-custodial Ethereum wallets. Enter and exit OUSD whenever you want. There’s no minimum holding period or minimum OUSD amount required to earn yields.

Backed by optional insurance

Protect your OUSD holdings with smart contract insurance. Optional coverage is provided by Nexus Mutual and Cover Protocol.

Created by cryptocurrency and fintech veterans

The Origin Dollar is brought to you by the team at Origin Protocol, which includes serial entrepreneurs, early cryptocurrency investors, early employees at YouTube, engineering managers at Google/Dropbox, and one of the original Paypal co-founders.

Disclaimer:

Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment into any online program with money you aren’t prepared to lose. Make sure to research about the website. So Please take care of your investments. and be in the safety site and avoid much losing online.

Article Disclaimer

The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .

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Verna

One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.

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