Oh Finance

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. No...

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 ...