Description
Orby Protocol is a decentralized lending protocol that offers interest-free loans in USC, its native overcollateralized, yield-generating stablecoin soft-pegged to the dollar. Users can deposit accepted collateral, such as cdcETH, LCRO, and cdcBTC, and borrow against it to mint USC, enabling them to maintain their asset holdings while participating in other ecosystem activities. USC functions as a store of value, unit of exchange, and unit of account within the Cronos ecosystem.
The protocol offers multiple ways to earn, including depositing USC into a Stability Pool to earn a share of liquidation profits and protocol revenue, and depositing ORB (the protocol's native token) or esORB (its time-locked equivalent) into a Vault to earn protocol revenue and rewards. Orby takes a security-first approach with mechanisms including overcollateralization, recovery mode monitoring, instant liquidations, redemptions, and arbitrage incentives to maintain USC's peg stability, and has been audited by SlowMist.