What is Orion Money?
Orion Money, also known as ORION, is a cryptocurrency savings platform that aims to provide users with a seamless experience of accumulating, lending, and spending stablecoins. Established in the first and second quarters of 2021, Orion Money aims to become a cross-chain stablecoin bank and DeFi product hub that can help users grow their assets by maximizing the profitability of their stablecoins.
Orion Money offers users the opportunity to generate a fixed income on their stablecoin deposits, which is higher than what competitors in the market are offering. This platform's native token, ORION, guarantees users a chance to boost their stablecoin APY and receive revenue rewards. Additionally, users can contribute to the ecosystem by participating in governance.
Orion Money achieves its impressive APYs through the savings protocol known as Anchor, built on the Terra blockchain. Anchor generates low volatility of stablecoin returns, which helps to maintain stability and confidence in the platform.
The Orion Money ecosystem comprises three main products: Orion Saver, Orion Yield & Insurance, and Orion Pay. Orion Saver allows users to deposit their stablecoins to generate fixed income, while Orion Yield & Insurance provides risk funds and insurance for user deposits. Orion Pay enables users to make payments in stablecoins.
The core team of Orion Money consists of three individuals: Vol Pigrukh, Kos Chernysh, and Sam I Am. Vol Pigrukh and Kos Chernysh are both serial tech entrepreneurs and co-founders of Profitero, an e-commerce analytics startup. Vol Pigrukh has a background in business development, operations, marketing, and sales, while Kos Chernysh is responsible for technology and development at Orion Money.
Sam I Am is in charge of ecosystem and community development at Orion Money. He has been investing in cryptocurrency since 2014 and is one of the first investors in Terra. Sam joined the community in 2019 and garnered their support.
Orion Money's advisors include Do Kwon, Terra Founder, and TerraForm Labs CEO; Matt Cantieri, GM of Anchor; Luke Saunders, CTO of Delphi Labs; and José Maria Macedo, Partner at Delphi Digital. The company's partners are Delphi Digital, Terraform Labs, and Anchor Protocol.
Orion Money is a cross-chain stablecoin bank that supports USDT, USDC, DAI, BUSD, and UST integration. The platform also allows users to receive up to 20% of stablecoin income after the token generation event.
Orion Money's array of solid allies, investors, and partners is one of its strengths, with Terra and Anchor Protocol being the best among them. The platform has also partnered with Delphi Digital and InsurAce to create risk funds and insure user deposits. Additionally, Orion Money won the first prize in the DeFi Connected Hackathon.
In conclusion, Orion Money is a platform that aims to maximize the profitability of stablecoins for users. With its impressive APYs, solid allies and partners, and a dedicated core team, it is one of the promising projects in the DeFi ecosystem.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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