The technology-curated liquidity pool Orion Protocol has a modish addition to its pre-staking native offerings known as Orion Pool. This pre-staking contribution will be operative on the Orion Terminal. The liquidity pool network aims to create a decentralized portal for the strong suit of the online financial ecosystem.
Introducing Orion Pool into Orion Protocol’s offerings has led to the presentation of a native crypto coin, ‘USDo’ (US Dollar). This native coin by Orion Protocol is a secure-dollar stablecoin of the liquidity pool network. The fundamental and primary token will now be USDo which will be created by staking ORN encompassing the entire Terminal of Orion. USDo is Orion’s prominent resolution to render admittance to liquidity pools of both Centralized and Decentralized networks.
After introducing Orion Pool within a week, Orion was rewarded profits worth 35% of the distribution credit that is $55 million and has strengthened profits worth 100% of APR’s revenue streams. Orion will only produce a manifold of liquidity benefits for pools that match with cryptocurrency networks such USDT, BUSD, ETH, and BNB.
The US Dollar crypto token by Orion will be employed for crypto exchanges and additional trading activities orchestrated inside the Terminal of Orion. For the staking procedure of Orion’s Crypto tokens ORN LP or ORN, USDo mint will be authorized for collateral as the ORN staked token is employed.
The minting for USDo will be staked as insurance for each Dollar of US currency, meriting ORN’s user reinforcements. Users will be permitted to mint a commensurate of 1 USDo that is a $1 valuation. The insurance token imposed for USDo will be periodically observed to assess novel tokens that are minted. This minting ordeal will be inspected by the Orion Oracle.
The newly introduced stablecoin by the liquidity pool network will be a potent plan to render ORN owners with the efficiency of an enhanced asset in the marketplace of Orion. Going forward, the appropriation of USDo will accelerate Orion Terminal’s Total Value Locked (TVL).