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Submission: On September 28 via api from JP — Scanned from NL
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Dashboard Redeem Earn Borrow Connect wallet Interest-free borrowing Grow your wealth with $USC, Cronos' first native overcollateralized, yield-generating stablecoin Start borrowingDocs Collateral TVL 21.20K | $58.52M Circulating $USC 18.32M APY for $USC 14.51% How it works Deposit Borrow Earn Deposit supported collateral Use supported tokens as collateral for borrowing Learn more Our protocol token $ORB is the native token and accrues a share of protocol generated fees FAQs What is Orby? Orby Protocol is a decentralised lending protocol that offers interest-free loans on USC, our native stablecoin. Users can deposit accepted collateral and borrow against it to mint USC. This means that users can continue to hold on to their assets as they potentially appreciate in value, while being able to utilise USC to participate in other ecosystem activities. How can I benefit from using Orby? 1. Unlock asset productivity: Borrow other cryptocurrencies without having to sell out of your existing holdings 2. Earn Real Yield: Participate in liquidations and earn liquidator fees by providing USC to the Stability Pool 3. Arbitrage: Redeem 1 USC for USD1 worth of collateral whenever USC falls below USD 1 4. Be rewarded: Deposit ORB, our protocol token, or esORB, the time-locked equivalent, to earn protocol revenue and other rewards What is USC? USC is a decentralised, overcollateralised stablecoin that is soft-pegged to the dollar. USC will essentially function as 3 things: 1. A store of value: As a stablecoin, USC is designed to hold its value to a peg in spite of volatility 2. A unit of exchange: With the above property as a stable store of value, USC is designed to be used to facilitate transactions 3. A unit of account: USC will function as a unit of measurement for on-chain products, similar to how FIAT currencies denominate off-chain goods and services How do I make money on Orby? There are 3 main ways to earn using Orby: 1. Stability Pool: deposit USC in the Stability Pool to earn a share of liquidation profits, protocol revenue and other rewards 2. Vault: Deposit ORB or esORB in the Vault to earn a share of protocol revenue and other rewards 3. Use USC: Deploy USC across the Cronos ecosystem to capture attractive yield opportunities Do you have a token? ORB is the protocol’s native token. It can be deposited in the Vault for more utilities. ORB will be launched at a later date. Watch this space! Borrow $USC with confidence Orby takes a security-first approach, ensuring that $USC is backed by innovative mechanisms designed to maintain peg stability. Audited by SlowMist Overcollateralized There’s more than a dollar’s worth of collateral backing every dollar of $USC Recovery mode Debt levels are monitored continuously and measures have been put in place to ensure it stays healthy Instant liquidations The Stability Pool is reserved only for liquidations, ensuring undercollateralized loans are immediately settled Redemptions Exchange 1 $USC for USD 1 worth of underlying collateral at any time Arbitrage When $USC’s price fluctuates, the arbitrage opportunity incentivises to keep price close to USD 1 Overcollateralized There’s more than a dollar’s worth of collateral backing every dollar of $USC Recovery mode Debt levels are monitored continuously and measures have been put in place to ensure it stays healthy Instant liquidations The Stability Pool is reserved only for liquidations, ensuring undercollateralized loans are immediately settled Redemptions Exchange 1 $USC for USD 1 worth of underlying collateral at any time Arbitrage When $USC’s price fluctuates, the arbitrage opportunity incentivises to keep price close to USD 1 Dashboard Redeem Earn Borrow