OnX alpha vaults is the third and final core pillar of the OnX Finance product offering complementing OnX Lending and onSynthetics.
As OnX Finance’s objective is to become a platform agnostic hub for Internet bonds and interest earning tokens, OnX alpha vaults are an essential piece to enable users to unlock the potential of composability of passive income in DeFi.
What are Internet Bonds?
A Bankless article from November 5th 2020 defines Internet Bonds as digital work agreements involving:
1) lending capital for the right to provide work and earn rewards (perpetual bond characteristic)
2) co-owning the Proof-of-Stake protocol (equity…
With the recent emergence of the algorithmic stable coin space, the OnX platform is introducing the first ever synthetic assets platform for collateralized tokens to help the DeFi ecosystem. Starting with aETH (ankrETH) as the fractional reserve for the algorithmic Ethereum, this new synthetic assets platform will help unleash more potential in DeFi while creating new ways to manage wealth and even help enable future cross chain and layer-two solutions.
By providing an asset stabilized to the value of Ethereum, DeFi users can safely allocate funds that will always match the ever rising value of Eth. There will also be…
The ONX Privilege Pool, located at OnX.Finance, allows you to stake your ONX and receive a share of platform fees.
When fees are taken from products on the OnX.Finance platform, a portion of these fees are used to market buy ONX and distribute it to the Privilege Pool. For instance, with lending, a portion of the interest collected will be set aside to market buy ONX which will then be distributed to the Privilege Pool. To start the staking rewards, a 1X farming pool is going to be sending ONX to the staking contract every 12 hours.
What is next?
As the first product on OnX.Finance, our lending platform is set to empower the use of collateralized tokens in new ways, starting with aETH and ETH. By using aETH as collateral to borrow ETH, users of the lending platform can earn interest and ONX rewards for both providing ETH to lend as well as collateralizing their aETH. Among the immediate benefits of this process is the opportunity for aETH stakers to take advantage of an increased position through a relatively safe process with low chance of liquidation due to the intertwined nature of aETH and ETH. …
Please follow the tutorial to learn how to get started with Farming for ONX:
Follow this guide to get aETH:
The team is adding a 5th pool with a 7X multiplier → aETH/USDC LP.
This is to incentivize further liquidity for the aETH pairs. aETH is set to be one of the first integral collateralized assets OnX.finance will focus on, with aETH lending as one of the first products to launch on the platform.
The pool multipliers are as follows:
The ANKR farming pool will open after the last exchange opens withdrawals following the snapshot.
Telegram Announcement: https://t.me/OnXFiNews
The team has noticed a lot of inquiries about the bond token of choice the OnX platform is using. Here is a small tutorial on using the stkr.io platform to stake your ETH:
Alternatively, aETH can also be swapped on uniswap using the aETH/ETH and aETH/USDC pairs. After receiving aETH, it can be staked directly to receive ONX in the 2X pool, or contribute towards liquidity on the aETH/USDC LP or aETH/ETH LP pairs — to be staked in the 7X pools.
Telegram Announcement: https://t.me/OnXFiNews
🕳️OnX finance is pleased to announce the (ONX) token airdrop for ANKR holders with many of the major exchanges. All of the participating exchanges will be making their own official announcements on their channels. The list of participating exchanges will be updated here as they announce:
As the community support for Ankr’s Stkr Project, and the newly emerging Bond token market as a whole with aETH being at the forefront, we are incentivizing all ANKR holders with a complimentary ONX token airdrop to celebrate the launch of the OnX Decentralized Platform.
The ONX token…
Over the last year we have seen tremendous growth on Ethereum for projects within the decentralized finance ecosystem, including Uniswap, Sushiswap, Aave, Curve, Compound, Yearn, and many others. The OnX team believes there is an important piece of the puzzle missing on top of the existing foundation: which is a DeFi hub specifically for collateralized tokens.
These can be LP tokens, yield-earning tokens on projects like yearn, and even the newly-emerged Bond tokens. OnX will be the first project to build a DeFi platform specifically targeting collateralized tokens — including services such as an AMM, Lending, Yield Farming, and Insurance.