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Archimedes has published an official blog post to announce its partnership with Origin Protocol for the upcoming launch of blue chip lending and lending markets. The goal is to accelerate the scalability of the DeFi ecosystem while being more capital efficient.
The venture has also announced implementing a real results approach to become a strong pillar for the decentralized finance industry. Lenders will be able to enjoy a favorable risk to reward ratio through this approach. Early access will be offered to OUSD by Origin Protocol, with plans to roll out on the Ethereum Mainnet soon.
Archimedes has chosen Origin Protocol because the two share the same value of creating a long-term relationship to generate attractive benefits for users.
OUSD will show up in the early days as it is the only stablecoin that generates interest without trying to lend or borrow by users. It can be stored easily in a wallet, and the holder can still add interest to it. Currently registering a safe yield in the 6% to 8% APY range.
The Origin Protocol team has proven stable and sustainable against some of the market’s toughest challenges.
Matthew Liu, Chief Executive Officer of Origin Protocol, said that everyone is excited about the partnership and the fact that Archimedes is using OUSD. Liu further appreciates Archimedes’ unique leveraging products for providing users with multiple options for risk and return.
Origin Protocol’s transparency and emphasis on user security through ongoing audits make it a perfect match for a partnership. OUSD is fully supported 1:1 by other stablecoins like DAI and USDC. It is an ERC-20 stablecoin launched in 2020 on the Ethereum blockchain.
OUSD can be obtained simply by exchanging existing stablecoins for OUSD. To do so, Origin Dollar holders must visit an official dApp or AMM. After the conversion, the wallet starts accumulating aggregate returns.
Archimedes is now working hard to bring more opportunities to the decentralized finance community through innovation and experimentation.
Archimedes, which currently has no tokens on the Mainnet, offers its customers up to 10x leverage on idle liquidity. Its operations are backed by collateral, and its mechanisms are engineered to generate returns while mitigating risk for users. It is credited as one of the early players to enter the DeFi industry, in the belief that it is less sustainable.
The goal is to promote sustainability by using idle liquidity and encouraging a long-term perspective among all ecosystem participants. Led by Oz, Chief Executive Officer, who is supported by a solid staff that is growing every day.
The partnership between Archimedes and Origin Protocol is a new one with the potential to travel long distances.
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