Oh Finance

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....

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 ...

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 ...