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Archimedes is a well-established and comprehensively audited DeFi lending and lending platform. Uniquely, this app aims to provide investors with real long-term returns with guaranteed leverage backed up to 10x. The platform has partnered with Origin Protocol to integrate Origin Dollar (OUSD), DeFi’s first yield-generating stablecoin. While OUSD already earns higher yields than stablecoin loans in Aave, Compound, and Curve, it now has the ability to leverage through Archimedes Finance to further increase yields.
As two of the most recognized and respected DeFi innovators, the partnership between Archimedes and Origin allows users to simultaneously benefit from Origin Dollar’s yield and Archimedes’ leverage functions. Origin’s strong performance in the ongoing crypto winter and the reliability of OUSD – Origin’s USD-pegged yield-generating stablecoin – were both important factors in helping the integration move forward.
The proven OUSD peg mechanism is consistently provided to users. As the stablecoin is backed 1:1 with USDC, Dai, and USDT, OUSD holds its stake in a similar way to the leading stablecoins. Origin’s decentralized and self-custodial values also align with those of the Archimedes team, especially as both projects strive to build better, more transparent and highly secure DeFi products and services for users around the world.
Understanding Archimedes and OUSD Under the Hood
OUSD is backed 1:1 by the USDC, USDT, and DAI pools. Whoever holds OUSD gets the combined returns generated by blue-chip lending protocols and decentralized exchanges. OUSD uses thoroughly vetted and audited smart contracts to move stablecoin assets in and out of liquidity pools on various money markets such as Aave, Compound, and Curve. Thus, OUSD can guarantee the best possible outcome of the many options available on the market for its holders.
If a user wants to buy an OUSD leveraged position, they can simply deposit their OUSD on the Archimedes platform at ArchimedesFi.com. From there, they can then participate in an auction to pay for leverage with ARCH, which is Archimedes’ utility and governance token. The auction is designed to determine a fair market price for leverage. In return, Archimedes awards up to 10 times the APY on the user’s OUSD security deposit and provides an NFT representing the position. Users can then hold their NFT positions, sell them on the NFT marketplace, or release positions at any time to collect the principal as well as any interest they earn.
The lender, which is the liquidity provider on the platform, also benefits by getting a sustainable top market yield from revenue sharing and emissions. By providing 3CRV tokens to the Curve Archimedes 3CRV/lvUSD pool in exchange for the dynamic emission of ARCH tokens, other partner protocol tokens, and a share of the fees paid by borrowers (who are leveraged takers), lenders can earn good returns on their digital assets thus also.
This two-way lending market built by Archimedes and the Origin Protocol improves capital efficiency, opens up new income-generating opportunities for investors, expands APY thanks to the activation of idle liquidity, and will become a foundational component of the next wave of DeFi offerings.
Oz Rabinovitch, CEO of Archimedes, said that OUSD’s thorough auditing, engineering team excellence, project alignment with Archimedes, and OUSD protocol robustness make it the ideal partner to push the envelope when it comes to new projects. , a revenue-generating opportunity in the emerging DeFi market.
Matt Liu, Co-Founder at Origin Protocol, echoes this sentiment saying that the Archimedes lever engine, different platform risk/return options, and the security and transparency provided by the Archimedes team make it a reliable and trustworthy investment and development partner. for users and projects of all sizes.
These partnerships promise benefits for both lenders and borrowers across DeFi environments. The Archimedes lending/lending marketplace for AMM will create sustainable, accessible and long-term DeFi investment opportunities for billions of people worldwide, and it solves the problem of reward pool sustainability and offers up to 10x leverage for yield-generating stablecoins for users. It also improves capital efficiency while eliminating problems such as pool hopping and portfolio management.
Origin Protocol, which has been a Web3 pioneer since its inception in 2017, is also on the fast track of development and building innovative products for the fastest growing verticals of the crypto industry. By partnering with Archimedes, Origin can enhance its offering and create the battle-tested foundation needed to help the DeFi industry reach the next plateau.
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