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...

So you have read that Oh Finance operates its strategies under underlying protocols, like Aave, Banker Joe, BenQi, Curve on Avalanche. But what are these exactly? They are all decentralized lending and borrowing platforms, some have become household names in the crypto space, such as Aave or Curve, and have contributed to the explosion of DeFi in 2020. Decentralized equals to no 3rd party holding your funds: You interact directly with the platforms, everything is managed automatically between your wallet and the systems. The funds are either locked in a smart contract or in your wallet, with nothing else that can prevent you immediately withdrawing your assets. Unless it’s built in the smart contract, like a bonding period for example. Then you have to wait until the end of the period or you are penalized if you withdraw too early. They also have one other common feature when borrowing: Contrary to the real world, you have to deposit collaterals in the form of a crypto asse...

There are several ways to grow your money in crypto without trading: You may have heard of yield farming, lending, liquidity mining, liquidity pools, staking, etc. And variants exist behind some of these concepts. If you are new to crypto, you may be unsure what this all means. Each of the possible formulas entail inherent risks, although when the markets are buoyant, or a token doing well, some of the strategies can generate higher profits than others. And conversely, a token losing value or the market turning sour after you entered, it can wipe you out or greatly diminish the total value of your assets you have committed. One form of yield farming is basically lending assets in return for incentives, aka rewards, aka yield. You are essentially acting like your own private bank: Lend by depositing on a platform in return for interest. What you get in return depends on the type of yield farming and what is emitted as rewards: It can be a project token (quite often a governance token ...

Our prior USDC.e yield sat around 8–9%. Today we’ve successfully replaced our existing native AAVE strategy with the much higher earning Curve strategy that still utilizes AAVE. Our goal is to safely provide high yield while limiting risk. As our ambition is to become THE Bank of DeFi, we have to make sure that we always thread on the safe side, with careful and well weighted decisions about our strategies. However, we are committed to staying agile enough to take advantage of any opportunities to improve the yield rate. We are now seeing and expect the yield rate to show 15%+ APY with this strategy change. We are always going to play it safe  — only applying our strategies on low risk underlying protocols , such as Curve , BenQi , Banker Joe , and Aave . You may find better yields on stables elsewhere, but often in liquidity pools with risks of leverage, impermanent loss, or total decrease in pool value because the paired token is going down in price. Some lending p...

Colony and OH! Share a common goal of bringing traditional finance models to DeFi. Both parties also share a mission to grow the Avalanche ecosystem. To begin this partnership, Colony has committed $500,000 to be used in the OH! Avalanche strategies pool where their capital will earn 10–30% APR as well as OH tokens. Colony is a community driven Avalanche ecosystem accelerator, powered by the CLY token. They will invest in promising early stage Avalanche projects and act as a community governed venture capital fund. They will also contribute to Avalanche protocols by providing capital to increase liquidity and secure networks by running nodes. Colony will maintain an index dedicated to projects built on Avalanche. Oh! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Users can earn industry-leading interest rates on stablecoins in just a few clicks. The protocol is now live on Avalanche and Ethereum. Users simply deposit U...

We made history! Oh! Finance made history on October 25th with Avalaunch: We are officially the IDO with one of the largest raise to date on the Avalanche ecosystem! To summarize: 10,524 registrations, and 9,974 actual participants $579,440 raised Following the incredible demand for the OH token, we worked together with the Avalaunch team for a community action! The OH! raise would not have been as successful as it was without the incredible Avalaunch community. Because of this wealth of support, the Avalaunch and OH teams saw an opportunity to give back. The Avalaunch team bought 1.25M OH tokens from the OH team as a gift to distribute to XAVA holders. This is our way of saying thank you! Some facts Did you notice that we are listed on Coingecko at https://www.coingecko.com/en/coins/oh-finance  ? Our Telegram community has more than tripled since a few weeks, we have spun off a Turkish OH community as well! You can grow your assets with the OH token by ...