Harmony Partners with OIN Finance to Create a ONE-backed Stablecoin
We’re delighted to announce that OIN Finance will be deploying on Harmony, to create a ONE-backed or ONE-denominated stablecoin.
A ONE-backed stablecoin is an important achievement for Harmony, as this helps us grow our Defi ecosystem and helps us establish an important Defi primitive that can be used in all other Defi protocols. Let me explain.
One aim of Decentralized Finance, or Defi, is to mimic to some degree the centralized finance world. In that world, the span of financial services include: