What is Orion Money?
Orion Money is a cross-chain stablecoin bank designed to offer seamless stablecoin saving, lending, and spending across multiple blockchain networks. The project features three main products:
- Orion Saver: A cross-chain savings dApp delivering high and stable yields on stablecoin deposits.
- Orion Yield and Insurance: Provides high-yield, insured financial products to enhance the value for stakers and depositors.
- Orion Pay: Facilitates cross-chain payments, integrating with fiat on-off ramp solutions for easy spending of stablecoins.
Orion Saver
Orion Saver is Orion Money’s flagship product, offering:
- High APY: Competitive yields of 15-25% depending on ORION token staking.
- Cross-Chain Functionality: Users can deposit stablecoins from various networks and earn stable returns.
ORION Yield
- Insurance: Includes coverage to enhance security for depositors.
- Liquidity Utilization: Leverages liquidity to boost yields.
- Stable Returns: Aims to offer consistent and attractive yields.
- Beneficiary: Designed to benefit both stakers and depositors.
Product Development Roadmap
Future plans include:
- Expansion: Launching Orion Saver on additional blockchains like Terra and BSC.
- New Products: Developing Orion Yield & Insurance and Orion Pay to further enhance user benefits.
ORION Tokens
The ORION token is integral to Orion Money’s ecosystem, with a total supply of 1 billion tokens. It supports cross-chain functionality, incentivizes high yields, and allows staking for rewards and governance participation.
Team Background and Backers
The Orion Money team includes four developers skilled in Solidity, Rust, and both frontend and backend development, plus a designer for graphics and illustrations. They are supported by a network of developers and partners like Delphi Digital, Terraform Labs, and Anchor Protocol to facilitate rapid scaling.
Project Development
Following the UST depeg and Terra chain crash, Orion Money faced closure. The project maintained its services for the next three months, allowing withdrawals and smart contract upgrades. Users could then access their tokens directly from smart contracts for an additional 12 months. ORION liquidity remained locked for 2.5 years.
Projects in the Lending Platforms Category
Check out other projects in the Lending Platforms category:
- JUST: governs Dapps, creating DeFi protocols and solutions based on TRON.
- Prom: marketplace for non-fungible tokens (NFTs) and gaming.
- Beta Finance: an Ethereum-based platform, offers scalable lending, borrowing, and shorting of coins.
Orion Money Price Analysis
As of October 16 2024 Orion Money has a marketcap of $103K.
This is {{percentagefromath}} from its all time high of $2.36.
In terms of its tokenomics, there's a total supply of 1B with 9.5% currently outstanding.
Keep in mind Orion Money has a fully diluted value of $1.1M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
