StarTerra x Orion.Money Post-TGE IDO Partnership!

What is Orion Money?

One of the most exciting projects to be coming to the Crypto and the Terra Ecosystem, Orion Money will provide stablecoin lending, saving, and spending as a Cross-Chain Stablecoin Bank!

As part of Orion Money’s stablecoin bank has 3 main products planned; Orion Saver, Orion Yield and Insurance, and Orion Pay.

Orion Saver

Orion Saver already launched on the Ethereum network and reached $70m+ TVL. Orion Saver will soon be launched on Terra, BSC, and Polygon.

Orion Saver users earn high and fixed yield immediately after depositing their ETH stablecoins. To facilitate this, Orion’s Saver’s smart contract will use EthAnchor Protocol on Ethereum to bridge deposited Stablecoins onto Terra’s Anchor Protocol. Orion Money’s smart-contracts will exchange USDT/USDC/BUSD/DAI deposits into wrapped UST, bridge the UST to Terra, and then deposit that UST into Anchor Protocol.

Orion Yield and Insurance will invest in diversified strategies using the liquidity from Orion Saver. In exchange for underwriting the insurance for Depositors, extra yield will be generated and a share of that yield will be distributed to Orion Money Stakers.

Orion Pay product will be part of the ecosystem where depositors of stablecoins can spend their earned interest via a bevy of potential options such as Crypto Debit cards, crypto-to-fiat direct payments, on-off ramps for fiat, and crypto-to-fiat subscription-based services. Depending on Orion’s go-to-market strategy these may be developed internally or in cooperation with other protocols that benefit Orion’s ecosystem.

Additionally, Orion’s long-term objectives include the possibility of creating a suite of dApps within the ecosystem for potential self-paying loans and no-liquidation loans, as well as Tokenized Derivatives and Protocol-Specific Optimizers.

For a full breakdown of Orion Money, its products, tokenomics, and much more, check out their Lite-paper at: https://orion-money.medium.com/orion-money-litepaper-release-7e98bb3acb6f

Orion Money’s Post-TGE IDO on StarTerra

Due to the initial delay of Columbus-5, Orion will move forward with its planned listing date of September 30th where they will IDO with Ethereum based Launchpads and will conduct a Post-TGE IDO on StarTerra and Pylon.

Just like StarTerra’s own Post-TGE IDO on their platform, Orion money will Post-IDO an already released token at a significantly lower price than available on the open market. They will announce the Date, Price, Fundraising size, Vesting schedule, and additional information regarding the Orion Money IDO before they conduct the Post-TGE IDO!

📰 INFO 

https://medium.com/@StarTerra/starterra-and-orion-money-post-tge-ido-partnership-e4bf54da5c71