Oh Finance

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 ...

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 se...