Everest DAO <> OrcaDAO Partnership

Published on: 26.10.2021

OrcaDAO is proud to announce a partnership with Everest DAO. They been united to create a long-lasting relationship to further mutual goals of advancing DeFi offerings for both platforms, and improving the health and diversity of DAOs.

The first step of this relationship will include exclusive ORCA options on the Everest DAO platform. Everest DAO’s Options Protocol empowers users to predict prices and hedge risk in Avalanche markets. Everest DAO takes a unique approach to classic options derivatives by way of an AMM style multiplier that balances Puts & Calls.

This is an exciting development that adds a new product and use case to the evolving suite of choices for OrcaDAO products.

Stay tuned for further exciting collaborations with Everest DAO in the coming days.

About Everest DAO

Everest DAO is an innovation-driven project focused on tackling new and exciting products that range from DeFi, DAOs, NFTs, and more. Our goal is to deliver on products users want and increasing market efficiency. We provide our Dapps with fast settlement and low fees through the Avalanche Network.

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