About Ouro Finance
Ouro Finance aims to create an inflation-proof store of value system on BSC, featuring Peer-to-Pool asset swaps. The project derives fiat inflations manifested in the growth of the value of crypto assets and migrates them onto OURO, making it inflation-proof against the USD.
- About Ouro Finance
- How does it work?
- Why use it?
- How to earn with Ouro
- What’s OURO
- OURO is the inflation-proof store of value that is 1-1 backed by crypto assets stored in the Reserve Pool.
- OGS, or Ouro Governance Share, is used for community governance in Ouro.
- New OGS will be minted when the Reserve Pool does not have enough assets.
- Ouro is here!
Ouro has an arbitrage-based stability mechanism. When assets in the Reserve Pool appreciate, Up to 30% of the excess value will be reserved for an increase in OURO’s Default Exchange Price.
OGS, or Ouro Finance Ico Governance Share, is used for community governance in Ouro. When any yield is generated from assets in the Reserve Pool, it will be used to improve liquidity for OGS trading pairs and to conduct OGS token burns. When assets in the Reserve Pool appreciate, at least 70% of the excess value will be used to conduct OGS token burns and the formation of Insurance Pool.
New OGS will be minted when the Reserve Pool does not have enough assets to acquire collateral when the Reserve Pool does not have enough assets to keep a 1-1 peg with issued OURO.
| ICO | DETAILS |
|---|---|
| Company Name | Ouro Finance |
| Token Symbol | OGS |
| Token For Sale | 50,000,000 OGS |
| Ico Price | $0.025000 |
| Fundraising Goal | $1,250,000 |
| Whitelist | Yes |
| Language | English |
| Access | Public |
| Social Support | Yes |
| Website | Homepage |
How does it work?
A user deposits 1,000 USD worth of assets and will receive 1,000 USD worth of OURO. It creates a 1-1 collateralization/peg.
The platform, or more specifically the Reserve Pool, now contains 1,000 USD worth of assets.
When assets in the pool increase in value, a majority of this excess collateral would be used to conduct OGS (Ouro Governance Share) token burns and also to form the Insurance Fund. The rest of the excess collateral would be stored in the Reserve Pool to support the appreciation of OURO.
The Default Exchange Price of OURO can increase at most 3% per month.When assets in the pool decrease in value, and the Reserve Pool does not have enough collateral to keep a 1-1 peg for OURO, the system would mint new OGS tokens (at times together with the help of the Insurance Fund) to buyback enough collateral from secondary markets for the Reserve Pool.
Why use it?
1 – Comparing to stablecoins, centralized or decentralized
Inflation-proof as a service can never be achieved by centralized stablecoins due to their inherit way of functioning. It can also be difficult for any decentralized stablecoins to achieve this with a Collateralized Debt Position (CDP) based structure (such as the likes of MakerDAO), which is the most commonly used way for the creation of a stablecoin. With the ability to hedge against fiat inflation, OURO has also made itself the best stable asset for AMM liquidity provision, as the appreciation of OURO can also in some sense act as a hedge to Impermanent Loss.
2 – Comparing to other crypto assets.
It can be said that the growth of cryptocurrencies is partly contributed by fiat inflation, and many do consider holding Bitcoin as a way to escape from the depreciating dollar. But Bitcoin is not for everyone. Due to the macroeconomic environment as well as the fact that Bitcoin adoption is still in its early stage, Bitcoin’s price exhibits great volatility.
For many, holding Bitcoin does create a lot of mental stress in its ups and downs, and using Bitcoin to hedge against fiat inflations does require some extraordinarily strong hands. By holding OURO, on the other hand, users do not have to worry about the downside risks, as they are absorbed fully by the OGS token as well as the Insurance Fund.
Although OURO can not provide 3-digit annual returns as Bitcoin or other mainstream crypto assets can do, and can at most provide a ~40% (in practice we’d expect a lower return when the platform has a large number of users) return in appreciation,
it does offer a unique feature as there can be no risks in losing money for a long term holder. The team has designed the OURO token in a way that it migrates just enough capital from the Reserve Pool (when allowed) to be able to hedge USD inflation for most years.
How to earn with Ouro
The following interpretation shows a few ways users can benefit and profit using Ouro.
1 – Acquire OURO, and Stake OURO to earn OGS
OURO holders can stake OURO to earn OGS with a 3-month vesting for rewards. One will lose 50% of the rewards to other stakers if he chose to withdraw before the vesting period ends.
2 – Winning the monthly OGS LP competition
For details see here. In short, the person who supplies liquidity to the OGS/BUSD pair and hits the monthly LP value target determined by the community will be rewarded heavily.This is the single biggest reward one can ever get in the Ouro ecosystem, so try not to miss it.
What’s OURO
OURO is the inflation-proof store of value that is 1-1 backed by crypto assets stored in the Reserve Pool.
OURO has an arbitrage-based stability mechanism. When assets in the Reserve Pool appreciate, Up to 30% of the excess value will be reserved for an increase in OURO’s Default Exchange Price.
OGS, or Ouro Governance Share, is used for community governance in Ouro.
When any yield is generated from assets in the Reserve Pool, it will be used to improve liquidity for OGS trading pairs and to conduct OGS token burns. When assets in the Reserve Pool appreciate, at least 70% of the excess value will be used to conduct OGS token burns and the formation of Insurance Pool.
New OGS will be minted when the Reserve Pool does not have enough assets.
However, new OGS will be minted and used to acquire collateral when the Reserve Pool does not have enough assets to keep a 1-1 peg with issued OURO. Under extreme market conditions, assets stored in Insurance Pool will also be utilized to facilitate the process.
Ouro is here!
Ouro aims to create an inflation-proof store of value system on BSC, featuring Peer-to-Pool asset swaps. In essence, the project derives fiat inflations manifested in the growth of the value of crypto assets and migrates them onto OURO, making it inflation-proof against the USD.
