Hello, this is 0x1, COO at Orcus Finance. We would like to apply Orcus in dApp Staking Program.
Overview and current state
You may know from the previous application, that Orcus Finance is an entirely decentralized and autonomous protocol with the native governance token which aims to be the first leading Fractional-Algorithmic Stablecoin issuer on the Astar network and to implement multiple useful financial tools and other synthetic assets in the ecosystem.
Our oUSD stablecoin remains stable and is ensured with a sufficient amount of liquidity. The protocol uses deposited collateral (USDC) usefully, at the moment of writing at least $1.6m is deposited into Starlay lending pool to generate profit:
By doing this, we are rewarding ORU stakers and other participants by keeping ORU price stability as well.
Orcus partnered with various protocols on Astar, among them are Sirius Finance, Starbank, Astar Web3 Domains, Celer Network, DIA, ContractWolf, and Subsquid.
Orcus Finance has become the 1st independent project on Astar Network which uses Subsquid:
Sirius Finance listed oUSD Metapool:
We are already listed on various platforms:
- DeBank is pending.
We have coordinated with PeckShield to provide Orcus with a second audit report which will ensure security at the highest level. The audit process will be started on May 5th.
According to Orcus Roadmap, we have a lot of plans for this year concerning adding at least 2 more products at Orcus: our own Launchpad with various B2B options for the launching projects and our own Lending protocol. This will expand Orcus services and assets over the Astar ecosystem.
We are working on the oUSD expansion and the current 2 steps were made: ArthSwap and Sirius Metapool listings. More integrations are planned with the other projects.
If that possible to make a slot and support our project, we would be highly glad. Thanks.