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Saturday, December 2, 2023

Ousd.com Defi Coin Review: It Is Safe Or Not? Read Our Full Review

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About Ousd.com

The live  Ousd.com price today is $0.996224 USD with a 24-hour trading volume of $159,531 USD. They update the OUSD to USD price in real-time. Origin Dollar is down 0.37% in the last 24 hours. The current CoinMarketCap ranking is #988, with a live market cap of $8,968,931 USD. It has a circulating supply of 9,002,927 OUSD coins and the max. supply is not available.Origin Dollar (OUSD) is the first stablecoin that earns a yield while it’s still in your wallet. Built by the team at Origin Protocol (OGN).

In 1999, Yu Pan, Origin’s R&D engineer, and his fellow PayPal co-founders conceived of creating “the new world currency”, complete with interest yielding strategies and debit cards without having to connect to traditional banking systems. Several pivots and an eBay acquisition later, PayPal dropped its ambitions in this area.

Almost two decades later, Tether introduced the concept of a USD-denominated stablecoin in 2014. Ousd Coin Since then, stablecoins have proven themselves as an ideal way of transferring value without exposing users to the price volatility of free-floating currencies. Today, more value is transferred via Tether than with Bitcoin. Meanwhile, Decentralized Finance (DeFi) has experienced an explosion of growth with billions of dollars of capital now locked up in smart contracts that generate yields from lending and trading protocols.

SafeDollar Defi Facts

Lightning Network Facts
Defi Coin NameOusd.com
Circulating Supply9,002,926.52 OUSD
Explore Click Here To View Explore
SourceClick Here To View Source
Chat Option Click Here To Visit Chat
Document Click Here To View Document
Official WebsiteClick Here To View Website

How It Works

100% Backed and Stable

Origin Dollar (OUSD) is an ERC-20 compliant token for the Ethereum network. OUSD is a stable currency that is backed 1:1 by other stablecoins like USDT, USDC and DAI. As a result, 1 OUSD should always be very close to 1 USD in value.

Buying OUSD

Users can convert their existing stablecoins (currently USDT, USDC, and DAI) to OUSD at the official Origin Dollar DApp. Received OUSD begins accruing compounding yield immediately.

Ousd.com Origin DApp will intelligently route user’s transactions to give them the best available price while taking slippage and gas costs into consideration. This means that the DApp will sometimes encourage users to buy OUSD that is already in circulation versus minting fresh OUSD from the vault. The OUSD DApp will choose from multiple sources of liquidity and will suggest the option that gives the user the best possible rate.

Selling OUSD

Users can convert their OUSD back into other stablecoins at any time using the Origin Dollar DApp. The Origin DApp will intelligently route user’s transactions to give them the best available price while taking slippage, gas costs, and the vault’s exit fee into consideration. This means that the DApp will often help users sell their OUSD on AMM’s instead of redeeming OUSD with the vault and incurring the protocol’s exit fee.

A 0.5% exit fee is charged upon redemption with the vault. This fee is distributed as additional yield to the remaining participants in the vault (ie. other OUSD holders). The fee serves as a security feature to make it difficult for attackers to take advantage of lagging oracles, preventing them from siphoning stablecoins from the vault in the event of mispriced underlying assets. The fee exists to incentivize long-term holders over short-term speculators.

Upon redemption, the vault will determine which stablecoin(s) to return to the user. In the current implementation, the vault will return coins in the same ratio as the current holdings. This lack of user optionality also protects the vault as a whole in the event that any of the supported stablecoins loses its peg to the dollar.

Automated Yield Farming

Ousd.com generates yields by deploying the underlying stablecoins that were deposited to the OUSD smart contract to other DeFi protocols such as Compound, Aave, and Curve. There may be new diversified strategies added to the vault in the future. Collected interest, trading fees, and rewards tokens are pooled and converted to stablecoins to produce OUSD-denominated yields. Over time, the protocol will move assets in and out of different liquidity pools in order to provide the best yield to the holders of OUSD.

Elastic Supply

Ousd.com generated returns are passed on to the holders of OUSD via constant rebasing of the money supply. OUSD constantly adjusts the money supply in response to the yield the protocol has generated. This allows the price of OUSD to stay pegged at $1 while the balances in token holders’ wallets adjust in real-time to reflect yields that have been earned by the protocol.

A Better Form of Money

Origin Dollar (OUSD) is a new stablecoin that was initially launched in September 2020 on the Ethereum network. Its design is superior to existing stablecoins because OUSD captures competitive yields while being passively held in wallets.

All the earnings, none of the hassles

DeFi yields are automatically converted to OUSD and accrue in your wallet. Your OUSD balance compounds multiple times per day. No staking or lock-ups are required.

Spend your OUSD with ease

There’s no need to unwind complicated positions when you want to spend your OUSD. Transfer OUSD without having to unstake or unlock capital.

Elastic supply, stable price

Ousd.com is pegged to the US Dollar. Returns are distributed as additional units of OUSD. Supply rebasing happens multiple times per day. See your OUSD grow much faster than your USD grows in traditional savings accounts.

1:1 backed by other stablecoins

OUSD is secured by other proven stablecoins like USDT, USDC, and DAI. Capital is further insured by governance tokens issued by platforms like Aave and MakerDAO.

You always have full control

Store and earn OUSD with non-custodial Ethereum wallets. Enter and exit OUSD whenever you want. There’s no minimum holding period or minimum OUSD amount required to earn yields.

Backed by optional insurance

Protect your OUSD holdings with smart contract insurance. Optional coverage is provided by Nexus Mutual.

Created by cryptocurrency and fintech veterans

Ousd.com Origin Dollar is brought to you by the team at Origin Protocol, which includes serial entrepreneurs, early cryptocurrency investors, early employees at YouTube, engineering managers at Google/Dropbox, and one of the original Paypal co-founders.

The perfect stablecoin for both spending and saving

Beat traditional savings and money markets

At an estimated APY of 10.55%, OUSD earnings trounce traditional financial instruments.

Instantaneous peer-to-peer transfers

Send OUSD to pay your friends and family instead of using Venmo or Paypal. They’ll earn yield immediately.

Remittances without fees

Need to send money to China or the Philippines? Your recipients get OUSD without losing the average of 6.7% on fees.

A superior store of value

Ousd.com is an ideal store of value for users in countries with hyperinflationary economies like Venezuela and Argentina.

DeFi meets decentralized commerce

OUSD will be accepted by hundreds of sellers on the Origin Dshop network and peer-to-peer marketplace.

A better unit of account

Easily track your DeFi earnings without complicated spreadsheets and custom dashboards.

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Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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