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File: 39 KB, 1331x630, OUSD.jpg [View same] [iqdb] [saucenao] [google]
27968540 No.27968540 [Reply] [Original]

OUSD is on a tear. Currently, the 7 day APY is insane back over 156%.

Clearly, this is the best stable coin you can have right now. Simply holding OUSD in your wallet will give you daily yield, will increase the value plus offers insurance coverage just in case there is a exploit. I wouldn't be too concern as they've already been audited twice.

If you're parking some cash into USDT or USDC mint OUSD here ousd.com

>> No.27969315

Impressive AF! What's the catch?

>> No.27969520

>>27968540
how much do you have to pay for transaction fee?

>> No.27969528

>>27968540
This sounds too good to be true, how on earth is this possible?

>> No.27969575

shit 156% I'm about to mint OUSD and test this out.

>> No.27969654

>>27969528
this

>> No.27969749
File: 236 KB, 640x508, 1585082909822.png [View same] [iqdb] [saucenao] [google]
27969749

>>27968540
ok i'm retarded, plz explain how a coin can even be tied to the us dollar, let alone earn interest

>> No.27969860

>>27969520
Usually, whatever the gas fees are.

>> No.27969978

"OUSD suffered a loss of 7 million dollars on November 16th due to a missing validation check that allowed a reentrancy bug."

Yeah, no thanks. These faggots will rugpull and/or have some $100m exploit shit in the near future.

>> No.27970000
File: 24 KB, 315x463, OUSDFEES.jpg [View same] [iqdb] [saucenao] [google]
27970000

>>27969520
Just for you. It's about 8 bucks right now!

>> No.27970215
File: 836 KB, 286x204, sirier.gif [View same] [iqdb] [saucenao] [google]
27970215

>>27969978
Sir, they have compensated everyone affected by the exploit. Sir Cover and a shit ton of projects have been exploited. Sir welcome to defi. Sir you have the option to get coverage to protect your asset. Sir don't be an ass muncher.

>> No.27970268

>>27970000
Checked and I've never seen a stablecoin rugpull. Good job OP. This is the next Rubic.

>> No.27970663

>>27968540
This is not bad. 7 day average.. Think I'll mint about 5k worth of OUSD and see if it works well.

>> No.27970966
File: 170 KB, 1252x1252, 1604807165490.jpg [View same] [iqdb] [saucenao] [google]
27970966

>>27970000
>Https://
>capital H
this bothers me

>> No.27971502

>>27970215
a stablecoin pair with another stablecoin to earn 100%+ yield?

yeah how about go fuck yourself.

>> No.27971655

That's insanity. This is crypto man.

>> No.27972272
File: 56 KB, 800x804, funnyguy.jpg [View same] [iqdb] [saucenao] [google]
27972272

>>27971502
>>27969978
You commented twice. Clearly, you're familiar with the project as you know some very specific details. You were probably the dumb fuck that bought after the hack thinking you were going to come up and got rekt. salty af!

>> No.27972474

>>27970000
is it cheaper via their ousd.com site
or i just buy on Uniswap?

>> No.27972967

>>27972474 If that's a concern try the website below.
https://www.coingecko.com/en/exchanges/www.virgox.com

>> No.27973031

>>27970966
Yeah, I know it's annoying as fuck.

>> No.27973165

>>27969749
The reason you're seeing high APY is because when OUSD is being used heavily for farming the exchanges that don't support rebase will distribute it back to the token holders. Also, the redemption fee contributes to that as well.

>> No.27973205

>>27969749
It's backed by a basket of coins.

>> No.27973571

>>27973205
Correction, basket of stable coins not just any coin.