Orion Money (ORION) is a cryptocurrency platform in the DeFi ecosystem that allows users to maximize their profits from stablecoins. Launched in the first and second quarters of 2021, Orion Money aims to become a comprehensive stablecoin bank and DeFi product hub, offering a seamless experience for users to accumulate, lend, and spend stablecoins.
The platform works by allowing users to deposit stablecoins, which generate a fixed income higher than what other market competitors offer. The native token ORION provides users with opportunities to increase their stablecoin Annual Percentage Yield (APY), receive revenue rewards, and participate in governance to contribute to the ecosystem. This is made possible by the savings protocol called Anchor, built on the Terra blockchain, which ensures low volatility in stablecoin returns.
The Orion Money ecosystem comprises three main products: Orion Saver, Orion Yield & Insurance, and Orion Pay.
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