OIN Finance Sealed A Partnership With Harmony Protocol
“We’re always looking for partners that not only add to the OINDAO, but also to the crypto space itself to advance the technology, and progress DeFi. We feel that Harmony establishes themselves as one of the best in the field with their great tech in sharding, fast transactions, and so much more to come. This partnership will bring synergies in the amalgamation of our ecosystems, and we can’t wait to see it grow!”– Richie Li, co-founder of OIN Finance
OIN Finance sealed a pact with Harmony Protocol a decentralized application (dApp) blockchain that uses next-generation sharding technology.
Harmony will be integrating OINDAO services and develop a stablecoin backed by ONE, the native token of the platform.
The ONE-backed stablecoin will add an extra abstraction layer for users, allowing them to interact with the ecosystem without worrying about the underlying volatility customary to crypto assets.
The partnership will also give the Harmony community access to staking services. Through OINDAO’s smart contract, $ONE holders will be able to stake their tokens in exchange for up to 20 different tokens
ABOUT Harmony
Harmony is a sharding protocol with a trustless Ethereum bridge. Harmony developers can use Ethereum tooling such as Solidity and Ethers.js. Users can also seamlessly swap Harmony and Ethereum assets
ABOUT OIN Finance
OIN is a decentralized stablecoin issuance and trading platform. While MakerDao allows only mainstream assets to be used as collateral to issue DAI, OIN DAO allows projects, large or small, to issue their own brand labeled synthetic assets that are collateralized by their own coins; in essence, any projects can mint their own stablecoins to participate in the greater DeFi ecosystem.
RESOURCES:
