OnX Finance is a yield aggregator hub focused on bringing utility to Internet Bonds in DeFi by automating and simplifying available yield farming strategies. To automate yield farming strategies using Internet Bonds and other yield-generating tokens, OnX Finance supports the following three core products:
- OnX Lending: Collateralizing yield generating token and borrow tokens non-generating yield (e.g. ETH)
- OnX Alpha vaults: Automates yield farming strategies
- onSynthetics: Composed of onEthereum (onE), which is an ETH stablecoin based on ETH2 bonds, onSynthetics token (onS), and the governance token of onSynthetics.
OnX Finance adds the missing link on top of the existing DeFi foundation: a platform specifically targeting collateralized tokens, such as LP tokens (Uniswap, Sushiswap), yield earning tokens (YFI) and the emerging bond tokens asset class (Liquid staking tokens like ankrETH and stETH). The objective of OnX Finance is to enable DeFi users to easily benefit from yield farming opportunities combining collateralized tokens, Farming, Staking, Lending, Stablecoins, and Yield Aggregators/Vaults.