Introduction
Odysphere is pioneering decentralized finance (DeFi) on the Dymension ecosystem. At the heart of our innovation is OUSD, a native stablecoin that enables users to access liquidity through our borrowing mechanism. By introducing OUSD, we provide Dymension users with a powerful financial tool to maximize the utility of their DYM tokens.
Unique Value Proposition
Ecosystem Native Stablecoin: OUSD serves as Dymension's native stablecoin, providing a stable medium of exchange and store of value. This enhances overall functionality, facilitating trading, lending, and borrowing activities.
Access to Liquidity: Users can deposit DYM into the Odysphere protocol to mint OUSD, allowing them to access liquidity without sacrificing their assets.
Over-Collateralized Loans: Borrowing OUSD requires a minimum collateralization ratio of 110%. This over-collateralization helps ensure protocol stability and minimizes liquidation risks.
Competitive Interest Rates: Odysphere offers a fixed 4.6% interest rate on OUSD loans, providing users with an attractive borrowing option that supports financial sustainability.
Key Features
Lending Against DYM: Users can deposit their DYM tokens to mint OUSD, which enhances liquidity in the ecosystem.
Stability Pool Participation: Users can stake OUSD in the Stability Pool, earning attractive rewards from liquidations and contributing to overall protocol stability.
Efficient Liquidation Mechanism: Positions falling below the 120% collateralization threshold are subject to liquidation, ensuring the integrity and stability of the protocol.
Enhanced Liquidity: By enabling DYM holders to access liquidity without selling their assets, Odysphere contributes to increased liquidity and reduced price volatility in the Dymension ecosystem.
Scalable DeFi Infrastructure: Odysphere lays the groundwork for future DeFi applications within Dymension, fostering innovation and attracting new users and projects.
By integrating these features, Odysphere empowers users to maximize their asset utility while contributing to the growth and stability of the Dymension ecosystem.
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