🌊Oceanos
Oceanos Finance is an innovative decentralized protocol designed to instill much-needed stability into the vibrant world of cryptocurrency. Built upon the principles of various tokens including Liquid Staking Derivatives (LSD) on Manta Pacific network, the protocol initially employs $ETH, $USDC and Lido's $wstETH as its core components, with the intention to accommodate more assets in the future.
The primary goal of Oceanos Finance is to furnish the cryptocurrency industry with a safer, more decentralized stablecoin, $ocUSD, which ensures stable interest to its token holders.
As a DeFi protocol, Oceanos Finance facilitates the issuance of $ocUSD by allowing users to borrow against their deposited $ETH, $USDC and $wstETH.
Being an over-collateralized stablecoin underpinned by assets, $ocUSD offers users the security and stability crucial for conducting their business with confidence.
A distinctive feature of Oceanos Finance is its ability to allow users to earn a consistent income by staking minted (borrowed) $ocUSD. This income is driven by the minting (borrowing) yield generated from the deposited $ETH, $USDC and $wstETH accumulated as $ocUSD debt. In simpler terms, when users deposit assets and mint $ocUSD against, their borrow yield accumulate in $ocUSD which should be repaid later on, and this yield will be given to the Ocean Pool.
The other source of income is from 3rd party protocol which Oceanos Finance selects considerably in terms of security and trustworthy team. Oceanos deposits the assets deposited as collateral to 3rd party protocol and turns the yield to $ocUSD and distribute it through Ocean Pool.
$ocUSD is over-collateralized stablecoin that guarantees safety and stability. Oceanos Finance community is steadfast in their belief that a decentralized stablecoin is crucial for users to fully harness the benefits of cryptocurrency. By offering an CDP stablecoin supported by various assets, Oceanos Finance empowers users to engage with the DeFi ecosystem with trust and security.
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