OH! Finance is excited to announce that we’re deploying new strategies for our Avalanche network vaults utilizing Yeti Finance and Curve Finance! We expect users to earn high APYs on their single-sided native $USDC and $USDT deposits using OH! Finance’s yield optimizer. This strategy has been audited by Watchpug.

How to Use the New OH! Finance Strategy

Users who already have $USDC.e or $USDT.e deposited in any of OH! Finance’s existing Avalanche-side vaults using the Aave strategy will need to move their tokens to the new OH! Finance Yeti vaults to get the new yields.

Moving your tokens is simple. Here’s how to do it:

While connected to the Avalanche network, first withdraw your tokens from the OH! Finance’s Aave vault(s). Next, swap your $USDC.e or $USDT.e to native $USDC or $USDT on an automated marker maker (AMM) on Avalanche. Popular AMMs on Avalanche include Trader Joe, Platypus, and GMX.

Finally, deposit them into the new Yeti vaults on OH! Finance’s app.

That’s it! We’ll take care of the rest.

Yeti Finance

Yeti Finance is a next-generation decentralized borrowing protocol built on the Avalanche network. With more than $80 million in total value locked (TVL), this innovative protocol enables users to borrow against their entire portfolio for a 0% interest fee, while continuing to earn farming rewards for deposited assets.

Yeti boasts maximum capital efficiency. Its low minimum collateral ratios allow users to get up to 11-times leverage on base assets, staked assets, and LP tokens , and up to 21-times leverage on interest-bearing stablecoins. Additionally, rather than needing separate, individual debt positions for each asset, Yeti users can borrow against all their assets at once, allowing for better protection against liquidations. This is called cross-collateralized borrowing.

Better yet, Yeti charges a 0% interest rate, so borrowers need not worry about constantly accruing debt.

Yeti also offers its own native stablecoin, YUSD, which is hard-pegged to the U.S. dollar using multiple mechanisms. Users can learn more about YUSD and Yeti Finance on its FAQ page.

Yeti Finance boasts strategic partners Avalanche, Trader Joe, and GBV Capital, and audits and verifications from Dedaub, Haechi Labs, code4rena, and Three Sigma.

Curve Finance

Initially built on the Ethereum network, Curve Finance is one of the largest DeFi protocols, with more than $6 billion in TVL across 10 chains.

At its core, Curve is an exchange liquidity pool. It is designed for extremely efficient stablecoin trading, low risk, and supplemental fee income for liquidity providers, all without an opportunity cost. Curve allows users and smart contracts like 1inch, Paraswap, and others to trade between stablecoins with a custom low slippage, low fee algorithm designed specifically for stablecoins and earn fees. A later version of Curve introduced trading beyond stablecoins, to include various cryptocurrencies. Behind the scenes, the liquidity pool is also supplied to the Compound protocol or yearn.finance where it generates even more income for liquidity providers. For this reason, Curve Finance is sometimes referred to as a secondary liquidity pool, but any individual can use it.

To achieve successful exchange volume, Curve needs a high volume of liquidity (tokens) and therefore offers rewards to liquidity providers. Curve pools are balanced by ever-shifting fees which incentivize or disincentivize users from depositing or withdrawing tokens in the pool.

Curve is decentralized and governed through the utility of its native CRV token. $CRV holders can lock up their CRV tokens in the “vote escrow” mechanism to receive veCRV tokens and higher rewards in return. Locking up $CRV for a longer period of time produces more rewards. $veCRV is utilized in governances proposes and votes, such as the creation of new liquidity pools or adjusting rewards in existing pools. Therefore, users who hold large $veCRV positions can attempt to influence the protocol.

Curve smart contracts were audited by Trail of Bits.

About OH! Finance

OH! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance.

Follow us on:

| OH! Finance | OH! Finance documentation |

| Twitter | Telegram community | Telegram announcement |Blogger |

OH! Finance’s Avalanche banks are soon migrating from USDC.e and USDT.e to their native versions, USDC and USDT, respectively. As a sign of the network’s growth, USDT and USDC launched on Avalanche’s C-Chain late last year.

What This Means for Users

If you have deposited USDC.e or USDT.e into the OH! Finance vaults in the past then you will need to manually migrate your tokens to the new native USDC and USDT vaults when they go live. The team will notify the community in Telegram and Twitter when this occurs.

Migrating your tokens will be a quick and simple process:

1. With MetaMask connected to the Avalanche network, go to oh.finance and launch the app.
2. Click on the bank in which you have deposited tokens (USDC.e or USDT.e).
3. Go to the withdrawal area and click “Max,” then proceed with the withdraw.
4. Swap your USDC.e or USDT.e for USDC or USDT on a decentralized exchange on Avalanche, such as Trader Joe or Pangolin.
5. Deposit your USDC or USDT back into the appropriate OH! Finance bank.

How They’re Different

USDC.e is not the same as native USDC. Likewise, USDT.e and USDT are different tokens. For example, you cannot send USDC.e to a Circle deposit address. USDC.e and USDT.e are the bridged versions of their native counterparts. These bridged versions are being phased out on Avalanche, so OH! Finance is following suit.

Note: The below is excerpted from Avalanche’s releases on the launches of native USDC and USDT on their network.

About Tether

Tether is the preeminent stablecoin with the biggest market capitalization, surpassing that of all rival offerings combined. Created in October 2014, Tether has grown to become the most traded cryptocurrency. Tether is disrupting the legacy financial system by offering a more modern approach to money. By introducing fiat currency-digital cash to the bitcoin, Ethereum, EOS, Liquid Network, Omni, Tron, Algorand and Solana blockchains, Tether makes a significant contribution to a more connected ecosystem. Tether combines digital currency benefits, such as instant global transactions, with traditional currency benefits, such as price stability. With a commitment to transparency and compliance, Tether is a fast and low-cost way to transact with money.

About Circle

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the principal operator of USD Coin (USDC), the leading dollar digital currency powering always-on internet-native commerce and payments with a circulation greater than $40 billion and over $1.4 trillion in on-chain transactions.

Today, Circle’s transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of financial value. Additionally, Circle operates SeedInvest, one of the largest startup fundraising platforms in the U.S. Learn more at circle.com.

About OH! Finance

OH! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance

Follow us on:

| OH! Finance | OH! Finance documentation |

| Twitter | Telegram community | Telegram announcement |Blogger |

M aybe you’re new to Moonriver. Maybe you’re new to Kusama. Maybe you just installed MetaMask for the first time. No matter what, you’ve come to the right place, friend. At the end of this tutorial you will be earning up to 30% APY on USDC or USDT tokens!

Things You Will Need

• MetaMask
• USDC or USDT tokens in your MetaMask wallet on the Ethereum network
• ETH tokens in your MetaMask wallet on the Ethereum network

That’s it! Let’s get started.

W e recommend starting from the Ethereum network and bridging directly from there to the Moonriver network. There are other ways to get your assets to the OH! Finance vaults on Moonriver but those require more planning due to fees and liquidity. Feel free to stop by our Telegram channel if you have any questions.

You will need to add the Moonriver network to your MetaMask wallet if you haven’t already done so. The easiest way to do this is to go to the Moonriver docs site and click the “Connect to Moonriver” button. This will add the Moonriver network to MetaMask.

If you’d prefer to add it to MetaMask manually as a custom network, here’s the current network information:

• Network Name: Moonriver
• RPC URL: https://rpc.api.moonriver.moonbeam.network
• ChainID: 1285 (hex: 0x505)
• Symbol (Optional): MOVR
• Block Explorer (Optional): https://moonriver.moonscan.io/

Now that we have MetaMask set up properly, let’s DeFi!

F or this tutorial we’ll use the Solarbeam Bridge to get our USDC or USDT from the Ethereum network to the Moonriver network on the Kusama blockchain. You can find a useful guide to using this bridge on the Solarbeam Foundation’s doc site, but we’ll summarize the steps below.

Fun Fact! A crypto “bridge” allows the transfer of information and tokens between blockchains (or networks). See this article for more information about Ethereum bridges.

See the images and captions below for the step-by-step guide.

Solarbeam Foundation

While you’re waiting for the transaction to complete you can add the USDC and/or USDT contract addresses to your MetaMask wallet on Moonriver. Tokens have different contract addresses on different networks. USDC and USDT may appear automatically once you have a non-zero balance, but it’s good practice to add them yourself. If you don’t know how to do so please see below.

USDT contract address on Moonriver: 0xb44a9b6905af7c801311e8f4e76932ee959c663c

USDC contract address on Moonriver: 0xe3f5a90f9cb311505cd691a46596599aa1a0ad7d

S o now you’ve moved USDC or USDT from the Ethereum network to the Moonriver network. The last two steps are to swap USDC or USDT for gas (MOVR) and then, lastly, deposit USDC or USDT into the OH! Finance vaults.

You will need MOVR, the native token of Moonriver, to perform transactions on the network in the same way you need ETH to perform transactions on the Ethereum network. Let’s get some MOVR so we can use the Moonriver network.

Congrats! You’re now getting up to 30% APY on your stablecoin deposit. You can’t beat that!

The Centralized Exchange (CEX) Method

Before we conclude we wanted to note that some centralized exchanges (CEXs) allow you to buy MOVR and withdraw it directly to your MetaMask wallet on the Moonriver network. Check your favorite CEXs before attempting to do this, of course, and see CoinGecko or CoinMarketCap for information on where you can buy MOVR. If you do this you would need to swap your MOVR for USDC or USDT on Moonriver before depositing into OH! Finance, so make sure to calculate all the fees, slippage, etc in advance. As always, use only CEXs you trust, and don’t forget to use the Moonriver network when withdrawing funds from the exchange.

About OH! Finance

OH! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance

https://youtu.be/v2rPH1R-rbE

Follow us on:

| OH! Finance | OH! Finance documentation |

| Twitter | Telegram community | Telegram announcement |Blogger |

OH! Finance provides industry-leading APY interest rates on your stablecoins on a simple, secure, and easy-to-use DeFi platform on three chains: Moonriver, Avalanche, and Ethereum.

The OH! Finance protocol is designed with a performance-reinforcing mechanism called a flywheel. The flywheel is an essential element in how OH! Finance works, so let’s take a closer look at it.

TL;DR

• OH! Finance uses a mechanism called a flywheel to generate industry-leading yield, increase TVL, improve the price action of OH, and attract new users in a self-reinforcing cycle.

How the Flywheel Works

Let’s start with you, the user.

📥 Deposit Funds

You deposit 50,000 USDT into the OH! Finance Moonwell vault on Moonriver and receive OH-USDT tokens in return as a receipt that represnts your share of the vault. But what happens next?

First, you start accumulating rewards in-kind (in USDT) at approximately the APY reported on the OH! Finance site. Note that the APYs listed here are annualized. As of this writing, the Moonriver USDT vault is currently earning about 30% APY.

Let’s pause for a second to mention that this is an incredible yield on a single sided stablecoin deposit with no lockup and only light leverage. This is industry-leading APY.

🏦 Total Value Locked Increases

When you deposit your 50,000 USDT another thing happens. The total value locked (TVL), which is a measure of the amount of value deposited into the vault, increases by $50,000. Pretty straightforward.

💰 Protocol Revenue

The OH! Finance autocompounder and optimizer then uses the USDT in the vault to generate yield using various strategies. In the case of this example, the underlying strategy uses Moonwell, a DeFi protocol.

📈 Token Price Action

A portion of the yield (that is, the revenue), currently set at 10%, generated by the OH! Finance protocol is then used to buy back and burn OH tokens, thereby influencing the price action of OH. The protocol completed its first major buyback and burn a few days ago, burning about 500,000 OH tokens. This action permanently removed 0.5% of the entire 100,000,000 OH token supply. Nicely deflationary, eh?

The remaining 90% of the revenue is returned to the vault and used to generate even more yield (or, of course, returned to the user as interest if the user withdraws funds).

👨‍🚀 Users

This deflationary mechanism improves the price action of OH and attracts new users, which increases TVL, which increases protocol revenue, which leads to more buybacks and burns, which influences the token price action, which attracts new users.

Thus, the flywheel.

Oh! Almost forgot to mention. At 30% APY…

• Year 0: 50,000 USDT
• Year 1: 65,000 USDT
• Year 2: 85,400 USDT
• Year 3: 109,850 USDT.

Many happy returns, indeed.

About OH! Finance

Oh! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance

Follow us on:

| Oh! Finance | Oh Finance! documentation |

| Twitter | Telegram community | Telegram announcement |Blogger |

If you’ve been following OH! Finance then you probably already know that we deployed DAI and USDT vaults in addition to our initial USDC vaults a while back. OH! Finance’s goal is to bridge DeFi and TradFi, and part of that is educating new crypto users. At some point, everyone was new after all. In earlier articles we’ve covered stablecoins generally, and USDC specifically.

So, today we’re going to take a closer look at USDT and DAI.

TL;DR

• USDT: Pegged 1:1 to USD. Centralized. Collateralized by a mix of non-crypto assets.
• DAI: Pegged 1:1 to USD. Decentralized. Collateralized to other cryptocurrencies.
• USDC: Pegged 1:1 to USD. Centralized. Collateralized by a mix of non crypto assets.

Stablecoin Vaults Currently Available on OH! Finance

On the Avalanche network: USDC.e, DAI.e, USDT.e

On the Moonriver network: USDC, USDT

On the Ethereum network: USDC

What are USDT & DAI?

First, let’s look at DAI and see exactly what it is and how it compares with USDC (or see this article on USDC).

DAI

DAI is governed by the Maker Protocol via smart contracts and a community of MKR token holders. This means DAI is fully decentralized. Governance of DAI is done through votes which affect the smart contracts that make DAI what it is. These votes can include changing policy for the DAI stablecoin, choosing new collateral types, and changing governance itself. In contrast, USDC is run by a joint partnership between Circle and Coinbase.

So how does a user acquire DAI?

The first and simplest method is to buy DAI on a centralized (CEX) or decentralized exchanges (DEX). Trading USDC for DAI on the FTX exchange is an example of the CEX method, whereas swapping USDC for DAI on Uniswap on the Ethereum network is an example of the DEX method. You can also find DAI on many CEX and DEXs, not just the two given in the example.

The second method is used by users who have a position in, say, ETH, and want to acquire DAI but do not want to close their position in ETH. Using the DAI protocol, a user can “mint” (create) DAI by deposit their ETH as collateral into MakerDAO. This process creates a certain number of DAI based on the collateral they provided. When locking ETH as collateral, for example, there is a minimum collateralization ratio of 150%. This means that for every $1 of DAI created, there must be at least $1.50 of ETH in collateral that is backing it. Traders tend to keep a much higher collateralization ratio (between 300–400%) because of how volatile the crypto markets can be. If the collateralization ratio drops below 150%, the trader will be liquidated to pay off their loan 😬 This means that DAI tokens are backed, or collateralized, by crypto assets.

USDT (Tether)

Now let’s look at USDT (Tether), the largest stablecoin by market capitalization.

USDT, like USDC, is centralized. Tether is owned and operated by its parent company Bitfinex.

Each USDT issued is said to be backed 1:1 (one-to-one) with the US Dollar with collateral held in a custodial account by Tether Limited. So, for example, when someone deposits $20 into their Tether account, 20 USDT coins are minted (i.e., created).

USDT currently has a supply of about $80 billion and ranks third in all cryptocurrencies by market capitalization, making it the “king” of stablecoins. This makes Tether a great option for traders as it provides high liquidity to users. Daily USDT volume is in the tens of billions USD, making it the most liquid cryptocurrency in the world.

How to Stake USDC.e, USDT.e and DAI.e in OH! Finance (Avalanche)

We’ll cover moving your tokens to the Moonriver network in a future article, so here let’s recap how to stake USDC.e, USDT.e, and DAI.e on OH! Finance on the Avalanche network. It’s super easy.

First, you’ll need to have USDC.e, USDT.e, or DAI.e on the Avalanche network. Don’t know how to get there? See below. If you’re good to go on that, skip to the next section👍

• Connect your MetaMask wallet to the Avalanche network.
• Send a token identified in the Bridge’s drop-down list (USDC, DAI, and USDT are bridgeable, among others) from the Ethereum network to Avalanche using the official Avalanche bridge. If you’re not used to bridging try checking out this guide or the official Avalanche tutorials.
• If needed, swap assets to USDC.e, USDT.e, or DAI.e on the DEX of your choice on Avalanche.

🌈Note: USDC.e, USDT.e, and DAI.e are the Avalanche network’s versions of USDC, USDT, and DAI, respectively.

👍You’ve got your USDC.e, USDT.e, or DAI.e on Avalanche. Now let’s get it into the OH! Finance vaults!

1. Make sure you have AVAX in your wallet. You’ll need to burn a small amount of it to execute transactions.
2. Go to OH! Finance and connect your MetaMask wallet.
3. Click on the “Earn” tab on the left.
4. Scroll to find the USDC.e, USDT.e, and DAI.e vaults.
5. Click “Deposit” (or “+” if you already have tokens in the vault).
6. Select how much USDC.e, USDT.e, or DAI.e you want to deposit or hit “MAX” to deposit it all.
7. Select “Deposit.”
8. Review the info in the pop-up and if all looks OK, select “Deposit.”
9. MetaMask gives you a transaction confirmation pop-up. Review the details and if you’re good with it, select “Confirm.”

That’s it! If you made it to this point you now have OH-USDC.e, OH-USDT.e, or OH-DAI.e tokens in your wallet. These are basically receipt tokens which represent your share of the vault. You’re gonna want to hold on to those. They’re how you would withdraw your tokens from the vault if you want to do so later.

You can add these OH-USDC.e, OH-USDT.e and OH-DAI.e tokens to MetaMask through the OH! Finance website by clicking on “Details” under the respective vault and clicking “Add ____ to MetaMask.” Or if you’re feeling fancy you can add them manually using the following contract addresses:

• OH-USDC.e 0x8B1Be96dc17875ee01cC1984e389507Bb227CaAB
• OH-USDT.e 0xd96abecf6aa022735cfa9cb512d63645b0834720
• OH-DAI.e 0xf74303dd14e511ccd90219594e8069d36da01dcd

🤷‍♂️ Need help? You can get support in our official Telegram channel and Avalanche’s Telegram channel.

About OH! Finance

Oh! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance

Follow us on:

| Oh! Finance | Oh Finance! documentation |

| Twitter | Telegram community | Telegram announcement |Blogger |

OH! Finance’s new Moonwell strategy has launched on Kusama’s Moonriver ecosystem! We’re expecting up to 30% APY on this strategy. Oh! Now that’s some good yield!

Approaching $250 million in total value locked (TVL), Moonwell is the first and largest open lending and borrowing DeFi protocol on Moonriver. Like OH! Finance, the Moonwell project puts utmost importance on security and simplicity.

Our new strategy will use light folding to return industry-leading yields on single-sided USDC and USDT deposits at launch.

Moonwell and Moonriver give DeFi an exciting future and the team as OH! Finance is excited to build and work in it.

First, let’s go through how to get funds onto the Moonriver network, and then we’ll take a closer look at the “Dotsama” ecosystem, Moonwell, and more.

How to Move Funds to Moonriver

There’s two approaches to moving your funds onto the Moonriver network. One uses DeFi. The other uses centralized exchanges (CEXs). Let’s take a look at DeFi first.

The DeFi Method

You’ll need to have your MetaMask wallet set up for the Moonriver network first. It’s easy. Just follow the instructions on the Moonriver docs site. Or if you already know how to add a new custom network in MetaMask, here’s the current network information:

• Network Name: Moonriver
• RPC URL: https://rpc.api.moonriver.moonbeam.network
• ChainID: 1285 (hex: 0x505)
• Symbol (Optional): MOVR
• Block Explorer (Optional): https://moonriver.moonscan.io/

New to MetaMask? You can find installation and usage instructions on the MetaMask FAQs site.

If you already have tokens somewhere in the DeFi ecosystem, you can use the bridge by SolarBeam to transfer tokens from many different chains to Moonriver. Currently, Solarbeam uses bridge services from two different sources: the integrated bridge powered by Multichain (formerly known as Anyswap) and third-party provider Relaychain.

SolarBeam provides an excellent how-to guide. But if you don’t want to click, here’s what you do. (Note: Before bridging, please ensure you are connected to the wallet which contains the funds you are intending to bridge.)

If bridging from Ethereum or Binance Smart Chain to Moonriver (or back), do this:

Step 1: Select the origin network

Step 2: Select the destination network

Step 3: Select the token you wish to bridge

Step 4: Approve the bridge on the site, and in your Metamask wallet.

If bridging from Polygon, Avalanche, or Fantom to Moonriver (or back), do this:

Step 1: Select the origin network

Step 2: Select the destination network

Step 3: Select the token you wish to bridge

Step 4: Approve the bridge on the site, and in your Metamask wallet.

You can also swap supported tokens for MOVR on SolarBeam to pay for transactions on the Moonriver network. Per the SolarBeam site, 0.01 MOVR will currently pay for about 10 transactions on Moonriver. Swapping for MOVR is a gas-less transaction but there is a 1% fee.

Once your funds are on Moonriver, simply go to https://oh.finance/ and deposit your tokens in the vault.

That’s it!

The Centralized Exchange (CEX) Method

On some CEXs you can buy MOVR, the native Moonriver network token, and withdraw it to the Moonriver network. Check your favorite CEXs before attempting to do this, of course. See CoinGecko or CoinMarketCap for information on where you can buy MOVR. As always, use only CEXs you trust. And don’t forget to use the Moonriver network when withdrawing funds from the exchange.

About Moonwell, Moonriver, Moonbeam, Kusama & Polkadot

Yes, it can all be a bit confusing. Let us help with that, starting from the bottom-up.

Polkadot is a Layer 0 blockchain with a relay chain (the main network) and parachains (user-created networks). The relay chain is where transactions are made permanent. Parachains, however, can be built however the user would like, but still stand on the same robust security as the main chain. DOT is Polkadot’s native token.

Kusama is essentially the test network for the Polkadot blockchain. It provides a platform for experimentation and earlier code release before launch on Polkadot. For this reason it is sometimes called the “canary network.” Kusama uses KSM as its native token. Like Polkadot, Kusama is a Layer 0 chain. Also like Polkadot, Kusama has parachains. Thus, “Dotsama.”

Moonriver is a Layer 1 Kusama parachain that combines the familiar tooling of Ethereum with increased scalability from Polkadot’s architecture. Moonriver is the canary chain for Moonbeam on the Kusama network. Moonriver is where new products are developed prior to deployment on Moonbeam. Moonriver launched to Kusama in June 2021. Its native token is MOVR. Don’t know how to use Moonriver? Check out the how-to above in this article ;)

Moonbeam is the Polkadot-hosted instance of Moonriver, having launched in December 2021. Its native token is GLMR.

Moonwell is a recently-launched open lending and borrowing DeFi protocol being built on Moonbeam and Moonriver. Moonwell Apollo is its launch on Moonriver. Later, it will launch Moonwell Artemis launch on Moonbeam. Launched only about a month ago, it is already approaching $250 million in TVL. Moonwell, indeed.

About OH! Finance

OH! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance

Follow us on:

| OH! Finance | OH! Finance documentation |

| Twitter | Telegram community | Telegram announcement |Blogger |

• This week (20–27 Feb): OH! Finance is launching its new high-yield strategy on Moonwell on Kusama’s Moonriver chain! We expect to see up to 30% APY. (…and currently paying nearly 70% APY!)
• Next week (27 Feb-5 Mar): New website UI will go live.
• The week after that (6–12 Mar): Staking of OH and OH<>LP tokens will go live.
• + Growing: Platypus strategy to improve yields across the Avalanche-side strategies.
• + Burning: First major OH token buybacks.
• + Folding: More strategies, perhaps with some abominable friends?
• + More: Specifics on these updates to follow in later posts!

OH! Finance x Moonwell

OH! Finance is launching on Kusama’s Moonriver chain, debuting with its new high-yield strategy for Moonwell! Moonwell is the first and largest open lending and borrowing DeFi protocol on the Moonbeam (Polkadot) and Moonriver (Kusama) parachains.

This strategy, like all OH! Finance strategies, is simple and secure. The fine folks at Moonwell successfully completed their initial round of smart contract audits by Halborn Security very recently.

We’re currently expecting to see yields up to 30% APY on this strategy using our single token USDC vault. Oh! …and we think we can push that APY even higher once we test yet another new strategy of ours there.

New to “Dotsama?” To use this new strategy you’ll need to have funds on Moonriver. Don’t worry — we’ll have a guide for you soon.

You’ll be able to find this new strategy in the usual place: oh.finance

New Website UI

Next week our slick new UI will go live. Featuring light/dark mode, network selector, performance chart, $OH info, and more.

The website will still be oh.finance so there’s no need to update your bookmark.

Staking, Staking & More Staking

We know the community is eager for this one :) In the next two weeks we will launch our staking module.

Upon launch users will be able to:

• Stake OH to earn OH
• Stake OH-AVAX (LP) to earn OH

Earning OH rewards on stablecoin deposits will come in a future update, as will long-term stablecoin staking opportunities.

This update would have gone earlier but we are resolving a critical bug found very recently. At OH! Finance security is essential.

Enter the Platypus

OH! Finance is excited to join the Platypus Party! We are accruing a growing pile of PTP and using that to improve yields across our existing Avalanche strategies —USDC.e, USDT.e, and DAI.e.

Platypus.finance is an automated market maker (AMM) built on Avalanche with very low slippage and fees on stablecoin swaps. Currently, Platypus offers swaps between USDC, USDC.e, USDT, USDT.e, and DAI.e. The dApp also features stablecoin staking with rewards paid in PTP. Its native token, PTP, can also be staked to boost those rewards. Festive indeed!

The Platypus TGE (token generation event) was held by our good friends at Avalaunch, who also held OH! Finance’s TGE. #BFFs

OH Buyback & Burn

Our first buybacks + burns will begin soon. A portion of the yield generated by the OH! Finance protocol is used to buy back OH tokens and burn them, thereby creating deflationary pressure.

The initial share of earned yield will be decreased to 10% in order to return maximum yield to stakers (that’s you). You can learn more about this mechanism’s function and history on Cointelegraph.

What’s on the Horizon?

We’re constantly looking for new strategies, partnerships, and, just generally, ways to provide value to our enthusiastic community.

Crypto moves extremely fast. Sometimes our ideas take flight. Other times, they don’t have a chance to get off the ground. Case in point: we had a folded MIM strategy ready to deploy when things suddenly changed and that strategy was no longer effective. C’est la DeFi.

Undeterred, the OH! Finance team has been sent to scout the snowy, mountainous wilds of DeFi in search of yields guarded by a legendary creature. Will we return with treasure? We won’t know until we look.

About OH! Finance

OH! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance

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So you have read that Oh Finance operates its strategies under underlying protocols, like Aave, Banker Joe, BenQi, Curve on Avalanche. But what are these exactly?

They are all decentralized lending and borrowing platforms, some have become household names in the crypto space, such as Aave or Curve, and have contributed to the explosion of DeFi in 2020. Decentralized equals to no 3rd party holding your funds: You interact directly with the platforms, everything is managed automatically between your wallet and the systems. The funds are either locked in a smart contract or in your wallet, with nothing else that can prevent you immediately withdrawing your assets. Unless it’s built in the smart contract, like a bonding period for example. Then you have to wait until the end of the period or you are penalized if you withdraw too early.

They also have one other common feature when borrowing: Contrary to the real world, you have to deposit collaterals in the form of a crypto asset, before being allowed to borrow against them. How much you are allowed to borrow, will depend on the rules set by the platform for a particular pool. The interest rates for paying back are typically lower than in the real world for a traditional short term loan.

The popularity of these platforms can be measured with their Total Value Locked. The TVL is the total value of the assets deposited/staked in the respective protocols, they represent the available secured supply.

All the protocols described below benefit from the Avalanche Rush program and/or are directly backed by Ava Labs, the Avalanche foundation.

Aave

Launched in 2017 on Ethereum, one of the biggest lending and borrowing platform with a TVL that peaked in October 2021 to a staggering $20B, compared to around $1B in 2020.

They are on several chains and expanded to Avalanche in October 2021: They have already secured over $3.6B on that network in less than 2 months.

AaveV2 is a decentralized, money market protocol that allows users to lend and borrow tokens on Ethereum. Depositors lend tokens to earn APY from protocol borrowers.

Borrowers can borrow tokens against deposited collateral and pay APY.

Each token has different liquidation and collateral parameters. If the borrower’s loan ever exceeds the required collateral factor, the borrower’s position can be liquidated to maintain protocol solvency. During liquidation, the liquidator repays the borrower’s loan in exchange for a percentage of the borrower’s original position.

Currently, lenders and borrowers passively earn stkAAVE (Staked AAVE) tokens which can be unwrapped into AAVE.

Curve

Launched in 2020 on Ethereum, made a huge splash and followed the same parabolic rise as Aave: TVL of already around $1B in 2020, peaked to almost $22B in November 2021.

Curve is a popular automated market maker (AMM) platform that offers a highly efficient way to exchange tokens while maintaining low fees and low slippage by only accommodating liquidity pools made up of similarly behaving assets. While this approach results in lower fees for the liquidity providers who supply the pools with tokens, Curve incentivizes their participation by integrating with external DeFi protocols and delivering rewards in the form of CRV tokens and interest.

Banker Joe

An offspring of Trader Joe on Avalanche, a DEX that launched in July 2021. The DEX had phenomenal growth to quickly become the biggest one on Avalanche, with a TVL currently at $2.6B.

TraderJoe has branched into the lending and borrowing business in October 2021, under the protocol Banker Joe, which quickly amassed several hundreds of millions in TVL by itself.

Banker Joe is a fork of Compound and Cream.

BenQi

Another young lending/borrowing protocol on Avalanche, launched on August 21st 2021, reaching $1B TVL one week after its launch. The TVL today is at around $1.5B.

BENQI is a non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.

About OH! Finance

Oh! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance

Follow us on:

| Oh! Finance | Oh Finance! documentation |

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There are several ways to grow your money in crypto without trading: You may have heard of yield farming, lending, liquidity mining, liquidity pools, staking, etc. And variants exist behind some of these concepts. If you are new to crypto, you may be unsure what this all means. Each of the possible formulas entail inherent risks, although when the markets are buoyant, or a token doing well, some of the strategies can generate higher profits than others. And conversely, a token losing value or the market turning sour after you entered, it can wipe you out or greatly diminish the total value of your assets you have committed.

One form of yield farming is basically lending assets in return for incentives, aka rewards, aka yield. You are essentially acting like your own private bank: Lend by depositing on a platform in return for interest. What you get in return depends on the type of yield farming and what is emitted as rewards: It can be a project token (quite often a governance token like OH or AVAX or JOE) or stable coins.

Index investing is a passive investment approach to gain exposure to markets. It has become very popular in traditional equities, as investors use this buy-and-hold strategy to avoid purchasing different components individually, but use this type of investment vehicle to match the returns of a different products with less complexity and tracking/balancing of those assets.

Leveraged borrowing

Other popular DeFi protocols for yield farming, like Aave or Curve, are to borrow an asset in exchange for collateral, “leveraged” borrowing in other words. You invest the borrowed asset targeting that you will grow your investment quicker because you engaged capital with some risk.

Example: You deposited $10,000 ETH and borrowed $5,000 USDC, then traded that for ETH. You will get the equivalent of $15,000 exposure in ETH, compared with your initial capital of $10,000 if you didn’t borrow.

When is it favorable for you:

• If ETH climbs in value, you can service your debt and get a nice profit in return when you claim your collateral back, much more than if you didn’t borrow. Let’s say you didn’t borrow and you sold your ETH initially valued at $10k for $20k, which means $10k profit. By borrowing, the total value when you sold would have been $30k, you would made $15k profit after servicing your debt, reclaim the lended ETH and sold that as well.

When is it not in your favor:

• ETH drops in value. You can’t service your debt and the platform gets to keep your collateral by automatically setting some thresholds, you have been “liquidated”.

The risks of losing your collateral depends essentially on what you deposit and what you borrow in return: When it’s not 100% in stable coins, there is always at risk of being liquidated due to the large short price fluctuations very common in crypto. While stable coins do have some inherent risk as well, the price fluctuations have a lower risk profile, are further supported by arbitrage and the intended purpose of peg to value.

TVL and Incentives

Lending protocol incentivizes lending of assets in return of yield: They want to lock capital (for “Total Value Locked”, an essential evaluation of a protocol popularity). Higher the TVL is, the more they can lend. Your yield returns depends on the incentives set by the platform, how much capital your deposit represents in comparison to the other lenders for the same rewards pool (= your share percentage compared to the others).

What does Oh! Finance do?

1. Indexing! Our primary product works by leveraging multiple underlying protocols, Oh allows users to balance their risk profile across multiple high yield outputs, and balances across those components. This also provides a tax advantage, in that your investment into the platform won’t trigger exit fees or taxable events incurred by manually balancing your portfolio.
2. By putting your USDC.e in the Oh! Finance product, it replaces you as a human, to take advantage and optimize on your behalf balanced yield returns on underlying components such as Banker Joe, Benqi, Curve Finance, Aave as introduced by the team and DAO. This approach balances risk and return, along with tax strategy for those looking for steady appreciation of stable coin assets.
3. Oh Finance strategies involving lending and leveraged borrowing, the current roadmap and upcoming strategies only use USDC.e or stable tokens. This is for both as collateral and as borrowed assets again to minimize risk.
4. Looking forward, Oh plans to release strategies that have some light leverage on stable coins, for higher performing APYs for those looking at slight different risk profiles, but to retain the ability for indexing and tax event planning. These strategies are being tested and the team is excited to release!

About OH! Finance

Oh! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance

Follow us on:

| Oh! Finance | Oh Finance! documentation |

| Twitter | Telegram community | Telegram announcement |Blogger |

Our prior USDC.e yield sat around 8–9%. Today we’ve successfully replaced our existing native AAVE strategy with the much higher earning Curve strategy that still utilizes AAVE. Our goal is to safely provide high yield while limiting risk. As our ambition is to become THE Bank of DeFi, we have to make sure that we always thread on the safe side, with careful and well weighted decisions about our strategies. However, we are committed to staying agile enough to take advantage of any opportunities to improve the yield rate.

We are now seeing and expect the yield rate to show 15%+ APY with this strategy change.

We are always going to play it safe — only applying our strategies on low risk underlying protocols, such as Curve, BenQi, Banker Joe, and Aave. You may find better yields on stables elsewhere, but often in liquidity pools with risks of leverage, impermanent loss, or total decrease in pool value because the paired token is going down in price. Some lending protocols have risks of liquidation, which would mean a total loss of the invested fund should that happen.

Curve is a trusted platform and on Avalanche, it is currently offering incredible incentives, so for the time being, we have pivoted our Aave strategy to the Curve one, we expect a significant increase of our yield rate by doing so!

About OH! Finance

Oh! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance

Follow us on:

| Oh! Finance | Oh Finance! documentation |

| Twitter | Telegram community | Telegram announcement |Blogger |