Archimedes Finance Announces Long-Awaited Partnership with Origin Protocol

Archimedes, the upcoming ground-breaking DeFi lending and borrowing platform on Ethereum that brings long term real yields and up to 10 times collateral-backed leverage on high-quality yield-bearing stablecoin assets, is partnering with Origin Protocol. Origin is an Ethereum-powered platform that brings NFTs and DeFi to the masses and will help build and expand Archimedes’ offerings via integrations with Origin’s thoroughly vetted, high-quality suite of offerings.

Archimedes Finance Partnership with Origin Protocol

Archimedes has chosen Origin Protocol as a launch partner because of the protocol’s robust performance in the current bear market and the resilience that Origin’s USD-pegged yield-bearing stablecoin – OUSD – has shown over the last several quarters. Proven to have a strong peg mechanism and thoroughly battle-tested in different market conditions, Origin Dollar has consistently delivered and is recognized as a stable and sustainable project. Origin Protocol’s values also align with those of the Archimedes team: building safe, secure, audited, transparent, and value-generating DeFi products and services for the masses.

How Archimedes and OUSD Work Together

Origin Dollar, or OUSD, is an ERC-20 stablecoin that is backed 1:1 by other stablecoins such as USDC and DAI. OUSD held in a user’s wallet will immediately begin to accrue compounding yields that are generated by blue chip DeFi protocols. The OUSD smart contracts move stablecoin assets in and out of liquidity pools across different money markets and AMMs such as Aave, Compound, and Curve to provide the best possible yield for its holders.

Unfortunately, users seeking long-term, top of market yield in DeFi find themselves exposed to excessive risks. Some DeFi platforms take advantage of their borrowers by liquidating them, and fees can fluctuate significantly on such platforms. De-pegging of stablecoins, volatility of assets, hacks, and other risks can also lead to investor losses….