What is Ouro?
Ouro is a crypto project working on Inflation-proof as a service by using a dual-token model: One as a governance token (OGS) and one as an inflation-hedged token (OURO). Considering inflation as an important matter, OURO serves as an inflation-proof store of value.
Ouro is solving the current problem of stablecoins. As their value is pegged to a fiat currency like the Dollar, they will also be affected by inflation and cannot be a sustainable store of value.
Even though cryptocurrencies like Bitcoin can be used as stores of value, their volatility requires long holding for actual price appreciation, making them illiquid and inflexible.
How does Ouro work?
The work model of Ouro focuses mainly on the value of its inflation-proof token: OURO. For the OURO token to perform against inflation, Ouro introduces its core: Reserve Pool.
The Reserve Pool will receive asset deposits from users for an exchange of OURO tokens at a 1:1 ratio. Users can also burn OURO tokens to acquire back assets in the Reserve Pool at any time. These assets are believed to increase in price over time (which is good against inflation) but cannot be used in the short term.
At the moment, Ouro has limited the list to 4 cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and PancakeSwap (CAKE). Since these 4 tokens are volatile in price, the value of the Reserve Pool will change constantly. There will be 2 cases:
Value increases: In this case, the value of the collateral assets will go up, meaning that there will be an excess pool of collateral to keep up the 1:1 peg with OURO. This excess fund will be used for several meaningful things, in order:
- Increase OURO’s price: To perform against inflation, OURO needs to be increased in price should there be a chance. Its price increase will be capped at 3% per month.
- Accumulate an insurance fund: If the price of OURO is increased by 3% and there is still excessive money, 50% of what is left will be used to form and accumulate an insurance fund.
- Buy back & burn OGS: Meanwhile, the other 50% will be used to buy back and burn OGS - the platform’s governance token.
Value decreases: In this case, the platform will also have to prepare for the unfavourable scenario: when the Reserve Pool cannot keep up a 1:1 peg with OURO. There have to be resolutions to ensure OURO’s price stability and price transparency (100% backed).
The initial solution is to use the insurance fund. As mentioned above, this insurance fund will be stored and accrued over time to ideally become massive enough that it can eventually absorb market downturns for the Reserve Pool for a long time.
If there is not enough purchasing power within the insurance fund to cover the losses, the last resort is to mint OGS. Afterwards, collateral assets will be bought back by selling these minted OGS (currently via PancakeSwap and BaryonNetwork). Essentially, OGS is used to absorb the losses of the Reserve Pool.
In this bad scenario, the price of OGS will most likely go down, which is sacrificed for the price stability of OURO.
To be updated
OGS & OURO Token Key Metrics
- Name: Ouro Governance Share.
- Ticker: OGS.
- Token standard: BEP-20.
- Token type: Governance.
- Max supply: 1,000,000,000 OGS.
- Circulating Supply: 123,405,169 OGS.
- Contract address: 0x416947e6fc78f158fd9b775fa846b72d768879c2.
- Name: Ouro Stablecoin.
- Ticker: OURO.
- Token standard: BEP-20.
- Token type: Stablecoin, Utility.
- Max supply: Unlimited.
- Circulating Supply: 36,365.6227 OURO.
- Contract address: 0x0a4fc79921f960a4264717fefee518e088173a79.
OGS Token Allocation
- Team: 10%.
- Ecosystem Fund: 20%.
- Seed Sale: 1%.
- IDO: 5%.
- Treasury: 19%.
- Foundation Reserve: 5%.
- DAO Rewards: 30%.
- OURO Staking Rewards: 10%.
How to get OGS Tokens on Baryon
Step 1: Access BaryonSwap at https://www.baryon.network/swap.
Click Connect Wallet at the top right corner.
If you have not installed the Coin98 Extension yet, you can download the extension here.
Step 2: Enter the required information to conduct the transaction:
- Select OGS/BUSD pair.
- Enter the number of tokens you want to swap.
- Choose Approve BUSD (for the first time) --> Swap to complete.
Step 3: Carefully read the information displayed before trading such as the amount that you expect to receive, and the price impact (the difference between the market price and the estimated price provided by BaryonSwap).
How to maximize your earn OGS on Baryon
On Baryon, you can:
Add OGS - BUSD LPs and farm on Baryon with steaming hot APR.
At the end of the day, hopefully, you have gained a better insights of both Ouro Finance and how to make maximize your profits with Baryon
See you all in the upcoming posts of Baryon-Spotlight Series!
About Baryon Network
Incubated by Coin98 Labs, Baryon Network is a BNB Smart Chain-based Premier Suite of DeFi Products containing three fundamental building blocks: BaryonSwap (AMM), BaryonFarm, and BaryonStake.