USTP Launches in Partnership with OIN Finance
Dec 8, 2020 · 2 min read
USTP, a stablecoin for the STP ecosystem, has officially launched in partnership with OIN Finance. Users can now leverage the stablecoin in the STP ecosystem where there will be additional DeFi features soon. STPT also is the first ecological token supported by OINDAO from a partnered project. To mint USTP, please visit here. An in depth guide on USTP and how to mint it will be released soon.
USTP is a stablecoin designed for usage in the STP Ecosystem. USTP is the first step in developing the additional DeFi features in the STP Ecosystem. It will allow users to earn yield, leverage lucrative DeFi strategies and transact across multiple platforms both within and outside their ecosystem. USTP will rely on the over-collateralization contract through the OINDAO platform, which is generated by leveraging STPT. The smart contract has been audited by a well-known third-party security agency and tested by time.
The inclusion of a stablecoin into the STP ecosystem will benefit STPT holders in a multitude of ways. Most importantly, STPT will be the governance token for the USTP protocol, giving holders the ability to vote for proposals that will shape the future of USTP. Value created from future fees that may be generated through USTP growth and usage will also accrue to STPT holders. The governance decisions of the USTP protocol and ecosystem around it will go through the STP DAO where users must stake STPT in order to participate.
OIN is a cross-chain layer 2 infrastructure that opens the door for all the blockchain assets to leverage the growing DeFi space. Starting with OINDAO, users can leverage their assets to create their own stablecoin, allowing new use cases and methods of incentive distributions. OIN will build the bridge technology to seamlessly integrate Ethereum and others to start into its ecosystem, opening up to all of the current DeFi space, leveraging their assets and providing yield stacking, mining pools, and more. The dedication to this end is reflected in a three-pronged mission: become the gateway into DeFi, promote the DeFi industry, and grow the DeFi Space to maturity.
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