What is Onchain Trade ($OT)?
Onchain Trade ($OT) Protocol is a DeFi protocol on Arbitrum which allows single token liquidity pools (instead of pool pairs). This is made possible by grouping deposited tokens into a virtual pair with the native OSD stablecoin. Single token liquidity pools are more capital-efficient, resulting in a more optimized experience for all participants including traders, liquidity providers and third party projects.
Key features:
- OT allows single token liquidity provision
- OT allows borrow as well as spot exchange
- OT introduces a native stable coin called OSD(One Stable Dollar)
- OT allows 0 slip onchain perpetual swap
- OT share revenue to token holders
- OT liquidity providers earn swap fees, borrow fees as well as perps trading fees, in comparison with other mainstream DeFi protocols such as Uniswap, Curve or AAVE, on which liquidity providers only have one source of yield.