Ozean integrates Agora's AUSD into its Oxygen (O2) liquidity layer, enhancing RWA yield and DeFi functionality on the Clearpool platform.
Author: Chirag Sharma
Written On: Thu, 31 Oct 2024 13:28:34 GMT
Ozean, Clearpool’s blockchain platform, has integrated Agora’s AUSD into its liquidity layer, Oxygen (O2). This strategic move is set to enhance the liquidity of real-world assets (RWAs) on the blockchain, driving growth and utility for on-chain assets in the DeFi ecosystem.
Agora’s AUSD, a digital dollar minted one-to-one with USD fiat, offers low-cost, gas-optimized transactions, specifically designed for trading, lending, and payments. With AUSD now part of Oxygen’s liquidity pool, users gain a more stable, cost-efficient transaction layer. Patrick Chu, Head of Business Development at Agora, commented, “Agora’s AUSD strengthens O2’s liquidity layer, driving RWA growth on-chain.”
Oxygen (O2) is uniquely designed to pool RWAs, tokenized treasuries, and yield-bearing tokens, providing users with enhanced DeFi functionalities such as swaps, lending, and collateralization. This setup allows users to generate yield that is reinvested to further increase liquidity, expanding Ozean’s appeal to institutions and DeFi participants alike.
Since launching in March 2022, Clearpool has facilitated over $620 million in loans. Jakob Kronbichler, CEO of Clearpool, expressed excitement about the integration, noting it provides “protocols and users a powerful tool to bootstrap liquidity.” By blending traditional assets with blockchain, Ozean positions itself as a key player in the evolving DeFi landscape.
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