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New Yeti + Curve Strategy Unveiled on Avalanche!

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OH! Finance is excited to announce that we’re deploying new strategies for our Avalanche network vaults utilizing Yeti Finance and Curve Finance ! We expect users to earn high APYs on their single-sided native $USDC and $USDT deposits using OH! Finance’s yield optimizer. This strategy has been audited by Watchpug. How to Use the New OH! Finance Strategy Users who already have $USDC.e or $USDT.e deposited in any of OH! Finance’s existing Avalanche-side vaults using the Aave strategy will need to move their tokens to the new OH! Finance Yeti vaults to get the new yields. Moving your tokens is simple. Here’s how to do it: While connected to the Avalanche network, first withdraw your tokens from the OH! Finance’s Aave vault(s). Next, swap your $USDC.e or $USDT.e to native $USDC or $USDT on an automated marker maker (AMM) on Avalanche. Popular AMMs on Avalanche include Trader Joe, Platypus, and GMX. Finally, deposit them into the new Yeti vaults on OH! Finance’s app. That’s it! We’l
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Avalanche USDC.e & USDT.e Banks Migrating to Native Versions

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OH! Finance’s Avalanche banks are soon migrating from USDC.e and USDT.e to their native versions, USDC and USDT, respectively. As a sign of the network’s growth, USDT and USDC launched on Avalanche’s C-Chain late last year. What This Means for Users If you have deposited USDC.e or USDT.e into the OH! Finance vaults in the past then you will need to manually migrate your tokens to the new native USDC and USDT vaults when they go live . The team will notify the community in Telegram and Twitter when this occurs. Migrating your tokens will be a quick and simple process: With MetaMask connected to the Avalanche network, go to oh.finance and launch the app. Click on the bank in which you have deposited tokens (USDC.e or USDT.e). Go to the withdrawal area and click “Max,” then proceed with the withdraw. Swap your USDC.e or USDT.e for USDC or USDT on a decentralized exchange on Avalanche, such as Trader Joe or Pangolin. Deposit your USDC or USDT back into the appropriate OH! Finan
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How to Use OH! Finance’s Moonriver Vaults

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M aybe you’re new to Moonriver. Maybe you’re new to Kusama. Maybe you just installed MetaMask for the first time. No matter what, you’ve come to the right place, friend. At the end of this tutorial you will be earning up to 30% APY on USDC or USDT tokens! Things You Will Need MetaMask USDC or USDT tokens in your MetaMask wallet on the Ethereum network ETH tokens in your MetaMask wallet on the Ethereum network That’s it! Let’s get started. W e recommend starting from the Ethereum network and bridging directly from there to the Moonriver network. There are other ways to get your assets to the OH! Finance vaults on Moonriver but those require more planning due to fees and liquidity. Feel free to stop by our Telegram channel if you have any questions. You will need to add the Moonriver network to your MetaMask wallet if you haven’t already done so. The easiest way to do this is to go to the Moonriver docs site and click the “Connect to Moonriver” button. This will add the Moonr
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The Magic of the Flywheel

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The OH! Finance flywheel. OH! Finance provides industry-leading APY interest rates on your stablecoins on a simple, secure, and easy-to-use DeFi platform on three chains: Moonriver, Avalanche, and Ethereum. The OH! Finance protocol is designed with a performance-reinforcing mechanism called a flywheel. The flywheel is an essential element in how OH! Finance works, so let’s take a closer look at it. TL;DR OH! Finance uses a mechanism called a flywheel to generate industry-leading yield, increase TVL, improve the price action of OH, and attract new users in a self-reinforcing cycle. How the Flywheel Works Let’s start with you, the user. 📥 Deposit Funds You deposit 50,000 USDT into the OH! Finance Moonwell vault on Moonriver and receive OH-USDT tokens in return as a receipt that represnts your share of the vault. But what happens next? First, you start accumulating rewards in-kind (in USDT) at approximately the APY reported on the OH! Finance site. Note that the APYs listed
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A Closer Look at the DAI & USDT Stablecoins

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If you’ve been following OH! Finance then you probably already know that we deployed DAI and USDT vaults in addition to our initial USDC vaults a while back. OH! Finance’s goal is to bridge DeFi and TradFi, and part of that is educating new crypto users. At some point, everyone was new after all. In earlier articles we’ve covered stablecoins generally, and USDC specifically. So, today we’re going to take a closer look at USDT and DAI. TL;DR USDT : Pegged 1:1 to USD. Centralized. Collateralized by a mix of non-crypto assets. DAI : Pegged 1:1 to USD. Decentralized. Collateralized to other cryptocurrencies. USDC : Pegged 1:1 to USD. Centralized. Collateralized by a mix of non crypto assets. Stablecoin Vaults Currently Available on OH! Finance On the Avalanche network: USDC.e, DAI.e, USDT.e On the Moonriver network: USDC, USDT On the Ethereum network: USDC What are USDT & DAI? First, let’s look at DAI and see exactly what it is and how it compares with USDC (or see this
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Launched! High-yield USDC & USDT Moonwell strategy on Kusama

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OH! Finance’s new Moonwell strategy has launched on Kusama’s Moonriver ecosystem! We’re expecting up to 30% APY on this strategy. Oh! Now that’s some good yield! Approaching $250 million in total value locked (TVL), Moonwell is the first and largest open lending and borrowing DeFi protocol on Moonriver. Like OH! Finance, the Moonwell project puts utmost importance on security and simplicity . Our new strategy will use light folding to return industry-leading yields on single-sided USDC and USDT deposits at launch. Moonwell and Moonriver give DeFi an exciting future and the team as OH! Finance is excited to build and work in it. First, let’s go through how to get funds onto the Moonriver network, and then we’ll take a closer look at the “Dotsama” ecosystem, Moonwell, and more. How to Move Funds to Moonriver There’s two approaches to moving your funds onto the Moonriver network. One uses DeFi. The other uses centralized exchanges (CEXs). Let’s take a look at DeFi first. The De
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Project Update: February 2022

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TL;DR This week (20–27 Feb): OH! Finance is launching its new high-yield strategy on Moonwell on Kusama’s Moonriver chain! We expect to see up to 30% APY. (…and currently paying nearly 70% APY! ) Next week (27 Feb-5 Mar): New website UI will go live. The week after that (6–12 Mar): Staking of OH and OH<>LP tokens will go live. + Growing: Platypus strategy to improve yields across the Avalanche-side strategies. + Burning: First major OH token buybacks. + Folding: More strategies, perhaps with some abominable friends? + More: Specifics on these updates to follow in later posts! OH! Finance x Moonwell A match made in heaven. OH! Finance is launching on Kusama’s Moonriver chain, debuting with its new high-yield strategy for Moonwell ! Moonwell is the first and largest open lending and borrowing DeFi protocol on the Moonbeam (Polkadot) and Moonriver (Kusama) parachains. This strategy, like all OH! Finance strategies, is simple and secure . The fine folks at Moon
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