Orion Money Roadmap Update

  • Built and launched our first product Orion Saveron Ethereum and Polygon which now provides thousands of users with 15% fixed APY on any stablecoins, the highest savings rate in all of DeFi on ERC-20 stablecoins! Since launch, Orion Saver has reached $130m+ of TVL (Total Value Locked) and we’re just getting started!
  • Minted our governance token $ORION with IDOs on the two most popular Ethereum launchpads — Polkastarter and DAOMaker — which has resulted in a community of 5,000+ $ORION token holders. $ORION token is already on six exchanges (Gate.io, Uniswap, Pancakeswap, Quickswap, Terraswap, and Astroport) and we’re in conversations with other exchanges to add $ORION trading too.
  • Launched $ORION Staking and Liquidity mining on four chains — Ethereum, Binance Smart Chain, Terra, and Polygon — with users staking over $30m in $ORION and another crypto.
  • Signed partnerships and kicked off integrations with many great DeFi projects, among which BlockBank, xDefi wallet, Dezy, GOGOCoin, with many many more to come in the next months.
  • Engaged a loyal social community of over 150,000 members, across Twitter, Telegram, Medium, and Discord, which have been incredibly supportive for reaching all the great milestones mentioned above!.

Product Roadmap Update

Our plans, in general, fit into three main themes:

  1. Create more value for Orion Money users, by making our dApp more powerful, and increasing the utility of ORION token,
  2. Bring Orion Money to as many users as possible, by building new social engagement features and campaigns, such as an upcoming Ambassador and Referral programs,
  3. Collaborate with other projects, especially the ones from the Terra ecosystem, double down on our cross-chain interoperability, and bring the value of Terra projects across other blockchains, bringing Orion Money to even more users.
Orion Money Roadmap with live and upcoming products/features

Q1 2022

Orion Money v2

We’re redesigning our Orion Money dApp from scratch to make it more beautiful, more powerful, and easier to use. It will be mobile-first and future-proofed.

Designs for Orion Money v2 Dashboard screen

Extra APY and utility for $ORION token

One of our main goals for next year is to ensure that true long-term holders of $ORION governance tokens are rewarded with the highest yield possible.

  • Constantly update $ORION stakers’ APY levels in real-time with every $ORION price change. This would require a significant amount of development resources constantly monitoring and updating APY levels instead of developing new features and products.
  • Each month APY updates could add up to millions of dollars spent in gas fees for the protocol and our users, especially as the majority of Orion Money deposits are on Ethereum, where the gas fees are highest.
  • This implementation would also be even more complex for cross-chain as Orion Money already launched on four blockchains and we plan to launch on many more.

1. Base APY

Users who deposit stablecoins such as USDT, USDC, DAI, BUSD, wUST into Orion Money will receive an initial 15% APY on their stablecoins. Also once we develop the Orion Yield feature (see below for more), we plan to increase the Base APY to match Anchor Protocol’s Earn rate (currently 19.48%).

2. Boost APY

The opportunities are endless for oUSD, but we envision as one of the main use cases, staking your oUSD with ORION in 50–50 proportions to increase the yield for your total Orion Money deposit via Boost APY pools.

Designs for Orion Money v2 Saver (Portfolio) screens with Boost APY
  • A much more scalable and efficient way of providing utility to our users who own and stake $ORION tokens, proportionally to their deposits (oUSD),
  • Users will be able to choose what total portfolio APY they will get based on their Boost APY pools staking amount,
  • Orion Money TVL will be more sustainable as depositors will be receiving at least two yield types for their deposit/stake.

Vesting

We learned from $ORION IDO unlocks that monthly vesting is quite inefficient as it brings large amounts of project tokens to market at the same time. Hence, for the protocol’s and token’s stability in the future, we will be introducing daily linear vesting for all future token distributions — starting from Community Farming (early January), Seed, and so on (detailed info about ORION token distribution is in the Litepaper).

Swaps and in-app bridges

In the v2 dApp, you’ll be able to swap $ORION token with other crypto or other stablecoins directly within the dApp UI and bridge it to any blockchain where $ORION is supported.

Q2 2022

xORION staking and governance

Based on your staked $ORION tokens, you will also receive xORION derivative tokens that earn staking rewards and allow voting on governance proposals.

Ambassador and Referral Programs

We are planning to launch our very own Orion Money Ambassador and Referral programs shortly after our dApp v2 launches with the Boost APYs feature. We have already picked up a great deal of interest from many communities, platforms, and influencers from around the crypto world for this and are extremely excited about building and bringing you the programs very soon.

  • You invite a friend or follower to make a deposit in the Orion Money using your referral link
  • They make a deposit and start receiving their 15% APY.
  • You will receive a regular referral fee based on the yield they earn — calculated and paid as 10% of their Base Orion Money yield in stablecoins or 15% in ORION tokens
  • Rewards from referrals will be regularly deposited into your Orion Money account and will also earn 15% APY as stablecoin deposits or ORION staking rewards until you decide to withdraw them.

Orion Yield

Our dedicated Yield product will integrate directly with other groundbreaking protocols from the TeFi ecosystem — such as Nexus, Mars, Mirror, and many others — to enable users to build high-yield, net-neutral strategies that further compound Orion Money Base APY.

Orion Insurance

Currently, Orion Money has already partnered up with selected smart contract insurance providers to bring you four insurance policies, protecting you from smart contracts bugs, UST de-peg, or a mix of both.

Q3 2022

Orion Pay and crypto debit cards

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.

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Orion Money

Orion Money

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