Orion Money Community Update — June 2021 Recap

Dear Orion Money Community,

We are thrilled to announce several key milestones that Orion Money achieved in June, let’s dive right in.

Orion Money June Key Milestones:

1. Orion Saver Alpha Launch and Upgrades

Since then, we have received and listened to your feedback and made various improvements to the Orion Saver dApp:

  • Developed and launched a mobile-friendly UI for Orion Saver for users to use on their mobiles.
  • Pushed out updates to allow Orion Saver to be integrated with more wallets via Wallet Connect.
  • Increased APY on Orion Saver alpha for USDT/USDC/DAI/BUSD to 13.5% and for Wrapped UST to 16.5%. These APYs will be further increased upon the $ORION token TGE.
  • Increased the max cap for deposits from $5K to $450K.
  • Next steps #1: The Orion Money team is prioritizing the implementation of exchange pools on the Ethereum side to reduce gas fees for the smaller deposits.
  • Next steps #2: We’re also working on building an analytics dashboard, which will be released to the public after our Token Generation Event (TGE).

2. Orion Saver Audit Passed

  • You may view the full audit report here.

3. Orion Money Litepaper Launched

  • The Litepaper covers information regarding our product roadmap, Orion Saver’s mechanics, $ORION tokenomics, $ORION token distribution (private farming, IDOs, Airdrops), and a brief introduction of the team and our advisors.

4. Orion Money Closed $1.7M Seed Token Sale Round

  • Twitter thread about our Seed round.
  • We’re looking forward to working with our investors and partners as we continue to develop and scale Orion Money.

5. Orion Money Logo Design Competition

  • More details about our new logo can be found in our Twitter post.
Brand new Orion Money Logo

6. Others

Looking back, the month of June was incredibly busy and productive for the Orion Money team. We have managed to accomplish a lot with your amazing support. July is shaping up to be a fantastic month as well, and we can’t wait to share more updates with you!

Frequently Asked Questions

Q: What is Orion Money?
Orion Money’s vision is to be a cross-chain stablecoin bank — the best place in DeFi for stablecoin saving, lending, and spending. Learn more at www.orion.money

Q: What is Orion Saver?
Orion Saver is Orion Money’s first Decentralized Application (dApp) which focuses on providing high and stable yields on stablecoin deposits outside the Terra blockchain. Our Ethereum stablecoin deposit yields are currently among the highest available in the market.

Q: How can I use Orion Saver today?
Earn 13.5–16.5% APY (eventually up to 25%) on Ethereum-based stablecoins here:
https://app.orion.money/

Q: When Airdrop Snapshot? When airdrop? How much? How Long?
We expect the airdrop to be sometime in September 2021 and the snapshot to be before that. More details on the airdrop process is covered in our Litepaper.

Q How do I receive an airdrop of $ORION tokens?
Two ways: 1) Stake Luna to any validator. 2) Stake with $ORION validator to receive additional tokens and to support the project!

Q: When is the Token Generation Event (TGE)?
We are working towards having the $ORION TGE in September 2021.

Q: Can I buy $ORION tokens now?
$ORION tokens are not available on the open market yet.

We want to hear from you!

Feel free to ask us any questions in the Orion Money Telegram group. We are open to answering any of your queries and would greatly appreciate any feedback you have on Orion Saver Alpha. We are looking forward to growing Orion Money together with you 🚀🌕

Telegram | Twitter | Website | Orion Saver WebApp

Orion Money's vision is to become a cross-chain stablecoins bank - the best place in DeFi for stablecoin saving, lending, and spending. Check www.orion.money