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Orion Money is a DeFi savings platform founded by Vol Pigrukh, Kos Chernysh, and Sam I Am. It enables users to deposit stablecoins for high yields via Anchor Protocol while the ORION token facilitates governance and revenue sharing. The project plans to expand into a cross-chain bank with payment features, capping its total supply at 1,000,000,000 tokens.
Orion Money (ORION) operates as a cryptocurrency savings platform within the DeFi space, designed to help users optimize the profitability of their stablecoins. Founded during Q1-Q2 2021, the project plans to evolve into a comprehensive cross-chain stablecoin bank and DeFi product hub. Its goal is to facilitate asset growth by offering a smooth experience for accumulating, lending, and spending stablecoins.
The mechanism involves users depositing stablecoins to earn fixed income rates that exceed those offered by market competitors. The native token, ORION, provides holders with opportunities to increase their stablecoin APY, earn revenue rewards, and take part in governance to support the ecosystem. These APYs are enabled by Anchor, a savings protocol constructed on the Terra blockchain that ensures low volatility in stablecoin returns.
The Orion Money ecosystem comprises three primary products:
The Orion Money core team is made up of three individuals: Vol Pigrukh, Kos Chernysh, and Sam I Am.
Vol Pigrukh and Kos Chernysh are serial tech entrepreneurs who also co-founded Profitero. This e-commerce analytics startup has expanded into a medium-sized enterprise employing 300 people, generating $20 million in annual revenue, and serving clients such as Amazon, Google, Coca-Cola, General Mills, Unilever, and P&G.
A former developer with commercial experience at Microsoft and Google, Vol Pigrukh has launched numerous startups focused on business development, operations, marketing, and sales.
Kos Chernysh handles technology and development for Orion Money. He is a DevOps engineer with extensive experience in product management, software development, and scaling engineering teams through various startup launches.
Sam I Am, the third core team member, leads ecosystem and community development. He began exploring monetary policy in 2014 and has invested in cryptocurrency since then. Sam was among the first investors in Terra, joining its community in 2019 and securing their support.
Orion Money’s advisors include Do Kwon (Terra Founder and TerraForm Labs CEO), Matt Cantieri (GM of Anchor), Luke Saunders (CTO of Delphi Labs), and José Maria Macedo (Partner at Delphi Digital). The project’s partners are Delphi Digital, Terraform Labs, and Anchor Protocol.
Orion Money operates as a cross-chain stablecoin bank that integrates USDT, USDC, DAI, BUSD, and UST. Following the token generation event, users can earn up to 20% in stablecoin income.
The project benefits from strong partnerships and investors, most notably Terra and Anchor Protocol. Additionally, Orion Money has collaborated with Delphi Digital and InsurAce to establish risk funds and provide insurance for user deposits. The team also secured first place at the DeFi Connected Hackathon.
Orion Money’s services concentrate on three main areas:
The team also intends to release other tools, such as Tokenize Derivatives, Orion Loans, and Protocol-specific Optimizers, though no specific dates have been set for these launches.
ORION is an ERC-20 governance token issued on Ethereum, with bridges to Terra, Polygon, and BSC. This setup allows decentralized applications to operate seamlessly across these chains and supports cross-network transactions.
The token’s role is to enable protocol governance and create a revenue-sharing system. The developers intend to introduce multiple income streams connected by ORION, which serves as a value accumulation mechanism for the protocol.
The total maximum supply capped for market release is 1,000,000,000 $ORION. As of November 2021, the circulating supply stands at 2% of the total, amounting to 22,186,472.57 coins.
Distribution of the ORION token:
Use cases for ORION tokens include:
Funds for ORION buybacks are sourced from:
The ORION token is essential for the stable functioning of the platform and executing tasks within the Orion Money product suite. It boosts profits for Orion Saver users, grants holders a share of dApp-generated income, and allows participation in platform governance.
To demonstrate its dependability to the community, Orion Money has finished three security audits conducted by Solidified and RD Auditors. The findings from RD Auditors stated: "We found 0 critical, 0 high, 0 medium, 0 low and 0 very low level issues."
Furthermore, the platform runs the biggest Proof-of-Stake (PoS) validator on the Terra network. By employing the PoS consensus mechanism, the blockchain validates transactions and avoids several issues. This approach lowers susceptibility to cyberattacks because the architecture acts as a deterrent against miners attempting to compromise the system.
As of November 2021, the ORION token from Orion Money is available for trading on a number of crypto exchanges. These platforms include Uniswap (V2), Gate.io, PancakeSwap (V2), AEX, and DODO BSC.