Colony Commits $500,000 in TVL to OH! Finance
Colony and OH! Finance They share the common goal of bringing traditional financial models to DeFi. Both sides also share the 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 USDC.e or USDC and earn 10–30% APY in stable coins and additional earnings in OH tokens.
This partnership is particularly exciting as Colony and OH! will demonstrate the potential of combining the strengths of both TradFi and DeFi and leaving their weaknesses behind. The future of finance is on Avalanche and these two projects will be major players in driving this progression.
About Colony
Colony is community driven fund, evolving into a DAO, to boost Avalanche’s ecosystem growth. Powered by a governance token: $CLY. Colony will deploy capital within Avalanche on early stages projects, provide liquidity to DeFi protocols, maintain an Index on top Avalanche projects, and validate networks through stacking capabilities. Its open governance mechanism ensures capital is allocated across the Avalanche ecosystem for its sole benefit. The true sustenance and value generated by Colony’s investments is routed back to the Community through airdrops, a buyback mechanism, and staking rewards.
About OH! Finance
Oh! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance
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SOURCE
https://ohfinance.medium.com/colony-commits-500-000-in-tvl-to-oh-finance-a5ea4b997efd
