OrcaDAO is a protocol featuring the Avalanche-native stablecoin AVAI and governance token ORCA that allow for lending using crypto collateral at 0% interest, built on and for the Avalanche Network.
Founded by SeaFi Labs, the OrcaDAO is the first native Stablecoin (AVAI), and Governance token (ORCA) pair that allow for lending using crypto collateral at 0% interest, built on and for the Avalanche Network.
The protocol centers around the production, maintenance, and sustained equilibrium of AVAI around a stable value, which will be used by the DeFi community for a multitude of use cases - such as Loans and Yield Farming - with a high level of confidence.
Lending is a very easy process! Specific walkthroughs for OrcaDAO's site are available here too.
OrcaDAO allows DeFi users to further fund their investing goals, and self manage loans and risk. To put it as simply as possible, OrcaDAO is a vehicle that investors and yield farmers can use to make their current investments go further. Keep the investments you are already holding, and gain the extra liquidity to maximize overall portfolio profitability.
The AVAI stablecoin is a fully crypto collateral-backed stablecoin that is currently pegged at $1.00 to the US dollar. Through Orca Banks, collateral can be deposited, such as AVAX, into a vault which can then be borrowed against for AVAI. AVAI can then be used for a multitude of use cases, such as to trade for other crypto, or to stay within the OrcaDAO for yield farming.