How to earn 15% APY fixed yield on your stablecoins with Orion Saver
Step-by-step guide on how to make top savings in stablecoins with Orion Saver dApp on Ethereum
Firstly, we would like to thank you — Orion Money community for your support and encouragement during the past months of amazing growth! 🙏🙏🙏
Orion Money community has now grown to over 150,000 members across Telegram and Twitter. Along with it, Orion Money’s Total Value Locked (TVL) already reached $180M+ and we’re just taking off from our rocket launchpad!
Thank you for joining us on this amazing space ride! 🚀🚀🚀
Orion Saver offers the highest savings rates for stablecoins on the Ethereum blockchain
Orion Saver already had the highest (and fixed) savings rate of all DeFi/CeFi savings dApps on Ethereum (with 13.5% APY) but this morning we have increased it even more — to 15% APY!
Please see the comparison with other protocols here. Learn how to deposit into Orion Saver for this rate with just a few clicks — below.
Click Connect Wallet and choose either Metamask or Wallet Connect:
2. How to make a deposit in Orion Saver dApp
Now that you are in Orion Saver dApp, you can make deposits and withdrawals. To deposit any of the supported stablecoins — UST (ERC-20), BUSD, USDT, USDC, DAI, or FRAX — click the Deposit button.
In the Deposit pop-up window choose your stablecoin in the dropdown menu and the amount that you would like to deposit. Please read a detailed explanation about the process and fees on How it works page and if you understand and accept — tick the box there. Once you do Approve & Deposit button will become active and you can click it.
Note on fees: While Orion Saver doesn’t take any fees from deposits and withdrawals, usually a depositor will need to pay for Ethereum gas fees, Curve swap fees, and bridge fees (See for more info How it works page).
We also recently implemented a new feature (called internal pools) that makes it much cheaper to deposit amounts at or below $20,000 (USDC and USDT). In this case, a depositor only pays gas fees for Orion Money local smart contract interaction which is around 5X cheaper than the usual deposits.
To minimize Ethereum gas fees even further — you can check the gas tracker https://etherscan.io/gastracker to monitor gas costs.
If you are making a deposit for the first time, you will need to confirm two transactions in your wallet (shown Metamask):
- To confirm spend approval of stablecoin (in this case USDC);
- To confirm the actual deposit.
After confirming spend you will need to confirm only actual deposits (and withdrawals).
Congratulations! 🎉🎉🎉 Your deposit is earning now a stable 15% APY rate — the highest savings rate for stablecoins on Ethereum!
3. How to make a withdrawal from Orion Saver
Once you need to make a withdrawal — just click the button Withdraw and repeat the similar process.
You will only need to confirm the transaction once in the Metamask. Please mind that withdrawals take between 10 to 30 minutes as they involve cross-chain bridging.
Would like to participate in Orion Money growth and buy $ORION tokens?
You can purchase $ORIONs from Gate.io, Uniswap (Ethereum), or Pancakeswap (BSC) — more exchanges are coming soon too:
✅ Gate: https://www.gate.io/trade/ORION_USDT
✅ Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x727f064A78DC734D33eEc18d5370aef32Ffd46e4
✅ Pancakeswap: https://pancakeswap.finance/swap?outputCurrency=0x5530ec23f4eE1521182bd158C09F4CA7efEC1ef0
Need some help to buy $ORIONs? Our friends at YieldLabs made a great tutorial for that: http://youtu.be/U45Pa7YB_G8 🔥🔥🔥
Stake $ORION for 50%+ APR and $ORION/ETH or $ORION/BUSD LPs for 200% APR (as Oct 19)
Please check here how to stake $ORION and ORION LPs for a high APR: https://orion-money.medium.com/orion-token-and-lp-staking-on-ethereum-and-bsc-3f17842387e1
Would you like to learn more about how Orion Saver works?
Orion Saver’s savings rate is powered by Anchor Protocol on Terra blockchain. You can read more about this in Orion Money Litepaper.
About Orion Money
Orion Money’s vision is to become a cross-chain stablecoin bank providing seamless and frictionless stablecoin saving, lending, and spending. Within the Orion Money stablecoin bank, we have three main products planned — Orion Saver, Orion Yield and Insurance, and Orion Pay. Orion Money uniquely brings high yields from Terra to users on Ethereum protocol in easy-to-use dApps.