Orby Network
ValidatedDeFi
Lending
USC$1.002-0.09% ↓
Interest-free borrowing of $USC stable coin dapp
- 118 Followers118 Followers
- 86 Likes86 Likes
About Orby Network
Orby enables interest-free borrowing of $USC, a decentralised, overcollateralized stablecoin. Key functions: Supply multiple types of collateral to borrow (i.e. mint) $USC Borrow $USC interest-free and at a low minimum collateral ratio of 135% Earn - Liquidation revenue via the Stability Pool - Protocol revenue & incentives via the Vault - Swap 1 $USC for USD 1 worth of collateral at any time
Orby Network is a decentralized lending protocol that offers interest-free loans using its native stablecoin, USC. The project aims to empower users by enabling them to unlock asset productivity without liquidating their holdings. Orby Network users can participate in liquidations and earn through various mechanisms within the ecosystem. The project focuses on security, transparency, and maintaining the stability of its stablecoin, making it a significant player in the decentralized finance (DeFi) space. By leveraging overcollateralization, Orby ensures that users can mint USC against their deposited assets while maintaining the value of their collateral.
Orby Network Magic Store Validation Score
See Results ››Orby Network Review Score by Real Users
- 4
- 7
- 0
- 0
- 0
USC Token Price Chart (Real Time)
Token Statistics
- Market Cap$18,294,900.00
- Volume$216,145.00
- Circulating Supply18,256,153.815
- Max Supply-
- FDMC$18,294,900
About Orby Network USC Stablecoin Token
ORB is the native token of the Orby Protocol, designed to accrue a share of protocol-generated fees. It can be deposited in the Vault for additional utilities and rewards. USC is a decentralized, overcollateralized stablecoin pegged to the dollar, functioning as a store of value, a unit of exchange, and a unit of account. USC can be minted by depositing accepted collateral and is used for borrowing and earning within the Orby ecosystem.
The ORB token serves several purposes within the Orby Network. It is primarily used to collect fees generated by the protocol, which are then distributed to ORB token holders. This makes ORB an attractive option for those looking to earn passive income through the network's activities. ORB tokens can also be deposited in the Orby Vault, providing additional benefits such as enhanced rewards and exclusive access to certain features within the ecosystem.
The USC stablecoin is designed to provide stability and reliability in the volatile cryptocurrency market. As an overcollateralized stablecoin, USC is backed by more assets than it issues, ensuring its value remains pegged to the US dollar. This mechanism helps protect users from market fluctuations and provides a dependable medium of exchange. USC can be used for various purposes within the Orby Network, including borrowing, trading, and earning rewards through the Stability Pool.
Both tokens play a crucial role in maintaining the health and functionality of the Orby Network. The integration of ORB and USC into the protocol's governance and reward systems ensures that users are incentivized to contribute to the network's stability and growth. By holding and utilizing these tokens, users can participate in governance decisions, earn rewards, and take advantage of the network's unique financial services.
Orby Network Magic Store Trust Score
- Audit Score
- 1No. Of. Audits
- HighScore
- Security Validators Score
- 04.04.2024Validation Date
Orby Network User Trust Reviews
Orby Network FAQ
The primary benefit of using the Orby Network for borrowing is its unique offering of interest-free loans. This allows users to access liquidity without incurring additional costs, enabling them to leverage their assets more efficiently while preserving their value.
The Orby Network differentiates itself from other DeFi lending platforms with its interest-free loans, participation in the Stability Pool for yield generation, and the use of overcollateralized stablecoins. Additionally, its governance model involving $ORB token holders ensures community-driven development and management.
Yes, you can earn rewards by participating in the Orby Network. Users can deposit $USC into the Stability Pool to earn liquidation profits and other incentives. Additionally, by staking $ORB tokens, users can participate in governance and receive a share of protocol-generated fees.
The Orby Network accepts a variety of collateral types, which are overcollateralized to ensure the stability and security of the $USC stablecoin. Specific accepted collateral types will be listed on the platform, offering users flexibility in leveraging their assets.
The Orby Network ensures the stability of its $USC token by overcollateralizing each issued token. This means that every $USC is backed by more than a dollar’s worth of collateral, maintaining its peg to the US dollar and ensuring a stable and reliable value.
- ValidatedHashkey Global
Exchanges • CEX
- ValidatedOriole Insights
Finance • Marketplace
- ValidatedReform DAO
Finance • Trading
- ValidatedChainspect
Utilities • Tool
- ValidatedGQRacer
NFT • Games
- ValidatedFireSquad
DeFi • Investing
- ValidatedGrafilab
Utilities • Tool
- ValidatedBurrow Finance
DeFi • Lending
- ValidatedRef Finance
DeFi • Swapping