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OIN Finance integrates Frontier; introduces FRONT token to OINDAO

By Pavithra R

December 28, 2020

  • Oin Finance
  • USA
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OIN Finance, a decentralized finance (DeFi) gateway has announced partnering with Frontier, a chain-agnostic DeFi aggregation layer, to bring the FRONT token to OINDAO, being the second token to do so.

Through the integration, FRONT will be staked into the OINDAO and used to mint stablecoins alongside OIN and STPT for DeFi applications.

“Frontier is on a mission to make DeFi easier to interact with, by aggregating popular protocols. We at OIN are on a mission to bring DeFi functionality to the crypto community as a whole. As the number of projects on OINDAO expands, so too will the list of connected defi features. We are excited to see the synergies here develop, and look forward to the growth of both our platforms,” said OIN Finance Co-Founder Richie Li.

By bringing Frontier’s native token to OIN Finance, it can be used as collateral on the OINDAO platform. Users who stake FRONT tokens can use their collateralized assets to issue USDF stablecoins, unlocking and leveraging the value in their original tokens while retaining ownership of them. With the minted USDF1, users will eventually be able to redeem for a variety of other liquid assets like DAI, USDC, USDT, and even NFTs, with the OINDAO dashboard enabling positions to be monitored and adjusted in real-time.

“OINDAO is the first decentralized stablecoin issuance platform that also caters to the small cap assets. Different from Maker DAO, OINDAO empowers projects like Frontier to issue their own stable assets. Instead of just copying and forking the current model, the OIN Finance team is aiming to bring value and what’s missing in the current DeFi space to make DeFi more mature,” mentioned Frontier in their announcement.

“OINDAO is the first decentralized stablecoin issuance platform that also caters to the small cap assets. Different from Maker DAO, OINDAO empowers projects like Frontier to issue their own stable assets. Instead of just copying and forking the current model, the OIN Finance team is aiming to bring value and what’s missing in the current DeFi space to make DeFi more mature,” added Frontier in its announcement.

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