Origin Dollar is the stablecoin currently earning 19.43% APY based on a trailing 30-day calculation. Users can convert their USDT, USDC, and DAI to OUSD to start earning yields immediately.
As part of the partnership, Origin will look to make the purchase of cover as easy as possible via links to InsurAce, and InsurAce will be looking to include OUSD as a staking and payment option in the InsurAce.io app.
“Origin Dollar is the perfect stablecoin for both spending and saving where DeFi meets decentralized commerce. We are proud to be working with the Origin team to help make crypto safer for everyone by protecting assets through our insurance services.” Oliver Xie, Founder, InsurAce.io
Join us for an AMA with Origin Protocol on 24th November 2021 in their Telegram Group at 11am EST.
Read more about smart contract cover policies here.
About Origin Dollar
Origin Dollar (OUSD) is a new stablecoin that was initially launched in September 2020 on the Ethereum network. Its design is superior to existing stablecoins because OUSD captures competitive yields while being passively held in wallets.
Created by cryptocurrency and fintech veterans, the Origin Dollar is brought to you by the team at Origin Protocol that includes serial entrepreneurs, early cryptocurrency investors, early employees at YouTube, engineering managers at Google/Dropbox, and one of the Paypal co-founders, Yu Pan.
For those interested in diving into the technical details of how it works, these docs are a great place to start. They encourage developers to audit and contribute to their Github (100% open-source). Their team hangs out in Discord if you have questions or need help getting started.
Welcome to the future of money.
Origin Dollar (OUSD) is an ERC-20 compliant token for the Ethereum network.
OUSD is a stable currency that is backed 1:1 by other stablecoins like USDT, USDC and DAI. As a result, 1 OUSD should always be very close to 1 USD in value.
Origin Protocol is bringing NFTs and DeFi to the masses
Origin is a fully distributed team. Our 800+ investors include top venture capitalists and cryptocurrency funds all over the world. Origin Tokens (OGN) are held by over 37,000 token holders.
InsurAce.io is a decentralized multi-chain insurance protocol, to empower the risk protection infrastructure for the DeFi community. InsurAce.io offers portfolio-based insurance products with optimized pricing models to substantially lower the cost; launches insurance investment functions with flexible underwriting mining programs to create sustainable returns for the participants, and provides coverage for cross-chain DeFi projects to benefit the whole ecosystem.
At the time of writing, InsurAce.io has provided coverage to 90+ protocols, safeguarding over $110M DeFi assets on 10+ public chains.
InsurAce.io is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, Signum Capital, LongHash Ventures and a dozen of other top funds.