OrcaDAO Strategic Partnership with Snowball

Published on: 18.12.2021

OrcaDAO is thrilled to announce the newest strategic partnership to its ecosystem with Snowball. This collaboration will see to a new use case for both projects, a clear win-win for both protocols.

This compliments the partnership struck with Snowball’s stableswap spin-off Axial, which has been a successful venture accelerating the uptake and growth of both the Axial ecosystem and $AVAI stablecoin. This further integrates both projects more broadly across the Avalanche ecosystem.

OrcaDAO will launch a series of new collateral Banks, accepting Snowball’s Auto-Compounding Receipt Tokens as a new collateral source to take AVAI loans out to further leverage their users’ assets with. New collateral types will be announced shortly.

Snowball will be welcoming Orca Farms into their suite of auto-compounding offerings. Further collaborations will be considered and worked on between their two teams that are building upon and have enjoyed a strong relationship thus far.

About Snowball

Snowball is an auto-compounder for liquidity rewards and a Venture DAO. It was the first auto-compounder launched on Avalanche and it prides itself on being entirely community run. If you’d like to be a part of Snowball, join the conversation in Discord or Telegram. Stay up to date on our Twitter.

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.