Axial and OrcaDAO Partnership

Published on: 28.11.2021

OrcaDAO is delighted to announce a multi-layered partnership with Axial Finance. Axial is the fully decentralized centerpiece for liquidity of value-pegged assets in the Avalanche ecosystem.

Like OrcaDAO, Axial launched very recently (November 2021), and is one of many projects originating from the Snowball DAO. Mutual support for our protocols will further enhance the strengths of both solutions to all Avalanche users.

Axial will help OrcaDAO unlock more of AVAI’s potential as a leading stablecoin in the Avalanche ecosystem, using the same processes that are driving exponential growth for their protocol. Axial is focuses on providing liquidity for value-pegged assets, meaning they can provide the following benefits to their users:

1. Dramatically lower swap fees for AVAI.

2. Lower slippage on higher-volume trades.

3. Little to no impermanent loss when providing liquidity, due to high APR stablefarms.

The OrcaDAO ecosystem, AVAI stablecoin liquidity, and ever evolving value-add of our solutions for DeFi users will be enhanced dramatically through the integrations planned with Axial and it’s suite of products, beginning with a generous stablepool to be launched shortly.

About Axial

Axial is an Avalanche-native decentralized exchange that is the centerpiece for liquidity of value-pegged assets in the ecosystem. It provides traders swap functionality with ultra low fees and slippage, and is integrated into the best DEX aggregators in the space. Axial specializes in providing liquidity between a variety of stable assets, including bridged, synthetic or derivative assets.

The Axial DAO was the first project to be launched as a spinout of the Snowball DAO, led by one of the most experienced teams on Avalanche with a great record of transparency, community-focus and innovation.

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About OrcaDAO

OrcaDAO is an Avalanche native protocol designed to offer and optimize a Stablecoin (AVAI), and Ownership/Governance token (ORCA) pair that allow for lending using crypto collateral at 0% interest. The protocol centers around the production, maintenance, and sustained equilibrium of AVAI around a stable value, used by the DeFi community for a multitude of use cases — such as loaning/borrowing and yield farming — with a high level of confidence.

OrcaDAO has been thoughtfully designed and optimized to be flexible for Avalanche users’ ever-changing needs, including: no lower-bounds on multiple collateral options, partial liquidations allowing for more forgivable loan processes, a firm peg designed to float within a cent of $1.00USD, and a triple bottom line focused revenue sharing initiative in support of marine/ocean conservation and restoration efforts via the OrcaDAO SeaFund.

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