The next Avalaunch sale will be Oh! Finance. Although gaming and play-to-earn models have been receiving a lot of thunder in crypto, a stable yield on stable assets (and ones that far surpass traditional savings account) are penetrating the mainstream. “Normies” with historically no interest in blockchain and crypto are beginning to wake up to the future of money, the freedom it offers, and the fundamental shifts happening across DeFi.
What better time than now to usher in Oh! Finance—a high frequency yield optimizer built on Avalanche, which leverages Avalanche based strategies.
Overview
Oh! Finance offers a painless way for users of the protocol to earn impressive returns on stablecoins. In terms of performance through extensive testing, Oh! Finance high-frequency algorithm has consistently clocked returns of 10–21%, with recent testing steadily garnering 17–18%.
At a glance, such returns may not be particularly notable to crypto users, however, one must realize that these returns are achieved in a low-risk environment—single-sided staking with stablecoins. Typically, the inordinately high yields seen in crypto are the result of incentivized liquidity pools that reward LPs and stakers with a speculative token in order to drive unsustainable APY. It is a dilutive event and the returns are typically short-lived.
Stablecoin arbitrage quite literally puts money to work and it has become a point of entree for larger investors and individuals looking to mitigate risk. Considering that well-known platforms like Compound, Vesper, Voyager and Celsius struggle to reach double digit returns, Oh! Finance’s returns, without additional risk, are indeed something to stand up and take notice of.
Oh! Finance is stablecoin arbitrage done better.
The team is comprised of consummate professionals with a former technology strategist, consultant and developer from Microsoft, AWS and Oracle. They are also crypto veterans who have turned their focus on DeFi with the advent of Oh! Finance
Tokenomics
Funding Numbers:
Total Supply: 100,000,000 OH
- Seed Sale 1: 7M OH at .02
- Seed Sale 2: 8M OH at .025
- Private Sale 1: 20M OH at .035
- Private Sale 2: 4.66M OH at .06
- Public Sale: 7.5M OH at .08
- Hard Cap: $1,920,000 USD
Supply Breakdown & Vesting:
Total Supply: 100,000,000 OH
- Token Sales (Private, Seed and Public): 47.17M OH
- Protocol Incentives: 25M OH
- Foundation: 10M OH
- Liquidity: 7.83M OH
- Advisory/Partners: 4M OH
- Strategic Fund: 4M OH
- Community Fund: 1M OH
- Legal: 1M OH
Vesting:
- Seed Sale 1: 8% unlocked, 30-day cliff, linear* for 8 months
- Seed Sale 2: 10% unlocked, 30-day cliff, linear for 8 months
- Private Sale 1: 12% unlocked, 30-day cliff, linear for 8 months
- Private Sale 2: 12% unlocked, 30-day cliff, linear for 8 months
- Public: 100% Unlocked
- Protocol Incentives: Linear for 36 months
- Foundation: 30-day cliff, linear for 48 months
- Liquidity: 100% unlocked*
- Advisory/Partners: 30-day cliff, linear for 12 months
- Strategic Fund: 30-day cliff, linear for 12 months
- Community Fund: 30-day cliff, linear for 12 months
- Legal: 30-day cliff, linear for 5 months
*Linear vesting—tokens are released daily over the prescribed period of time
Other:
- Initial Circulating Supply: 11,940,000 OH (excluding liquidity tokens)
- Initial Market Cap: 955,200 USD
- Initial Liquidity: 7.83M OH and 626.4K USD in AVAX
The Oh! Finance IDO on Avalaunch
- 7.5M OH at .08 USD (Total Supply: 100M OH)
- Sale Size: $600,000 USD
Registration Schedule:
- Registration Opens: 10/21/2021 at 3 p.m. (UTC)
- Registration Closes: 10/24/2021 at 6 a.m. (UTC)
Sale Schedule:
- Validator Round Begins: 10/25/2021 at 6:00 a.m. (UTC)
- Validator Round Closes: 10/25/2021 at 6:00 p.m. (UTC)
- Staking Round Begins: 10/25/2021 at 6:30 p.m. (UTC)
- Staking Round Closes: 10/26/2021 at 6:00 a.m. (UTC)
Avalaunch Sale Distribution
- A minimum of 90% of the sale will go to the community stakers of XAVA.
- Approximately 10% will be reserved for validators of the Avalanche network.
IDO Recap
- Total OH for sale: 7.5M
- Price: $.08
- Size: $600,000
- Vesting — 100% Unlocked
Value Proposition
Avalaunch believes Oh! Finance is ripe for bonafide adoption as it offers a genuinely simple, “set it and forget it” solution, with an emphasis on security and insurance — both keys to the broader adoption of DeFi protocols. Its strategy is to continually re-evaluate yields and automatically optimize holdings by identifying the best yield at any given time. This is not something one can do manually and is more dynamic than an auto-compounder, as they are linked to the pools one enters, which does not ensure the best yield in real-time.
Oh! Finance heralds itself as DeFi made easier, designed smarter and done better, urging users to “fight back with the future of money.” These are bold proclamations to make, but projects tailored for “normies” number few and this is one of the more compelling we have come across.
When asked about the impetus to create Oh! Finance, Noah Coomer, Co-Founder, said:
“We built Oh! as a product we wanted to use. Chasing safe yield was become exhausting. Teaching our friends and family about DeFi was becoming exhausted. With Oh! we’ve made yield simple, safe, and secure.”
The protocol’s core strength rests in a unique strategy to create a low risk proposition for far higher than usual yields. With Oh! Finance you will see:
- Single-sided staking using USDC.e
- 10% to 21% yields
- Non-custodial
- Insured through Bridge Mutual
- No KYC—they do not store data
- Intelligent Auto-compounding—return maximization
- Seamless Fund Management—Aave and Curve to start
- No locking—Able to withdraw funds at any time(+ the earned interest)
With the OH Token:
- Governance—Oh! Finance is a fully decentralized protocol, where users democratically vote on and agree to protocol updates and modifications.
- Profit Share—Oh! Finance is designed to bring value back to the protocol through Profit Share.
- Deflationary—20% of protocol profits are retained to buyback and burn the Oh! Finance Token.
Lending protocols are not new for anyone in crypto. However, for those who still live in the traditional world, the current options in the banking markets are extremely limited. Large bank savings accounts offer yields that are typically less than 1% annually which functionally does nothing to hedge against inflation.
Conversely, DeFi lending platforms that offer single-sided staking for stable coins have variable APYs in the 3–10% range. While a considerable boost over stable coin swapping protocols and exponentially better than savings accounts, Oh! Finance’s offering is superior with the added reward of earning OH tokens.
We believe that Oh! Finance’s simple but potent solution lowers the barriers to entry for prospective DeFi participants. With consistent double digit yield will set a new standard in blockchain game development and we are incredibly excited to offer exclusively to the Avalaunch community.
Rick Seeger, Co-Founder, adds:
Like Oh!, Avalaunch believes today’s decentralized platforms are slow, confusing, expensive, and isolate both new and experienced investors. We’ve been working with the Avalaunch team for months now and they’ve exceeded every single expectation for what fundraising should look like. They literally brought the kitchen sink — a wealth of knowledge, marketing support, as well as, strategy and advisory sessions. It’s clear that Avalaunch is redefining fundraising with a more hands-on approach for the decentralized future on Avalanche!
Oh! Finance — Links
Final Thoughts
We have worked with this team for many months now and are impressed with their product most certainly. They are also aware of the importance of community building and building a strong base amongst the Avalanche ecosystem. The project, to us, exhibits all the hallmarks of a “slow burn” that can create a sustainable, lasting momentum.
Overall, they are here to contribute to the Avalanche ecosystem, offer something very attractive to users both inside and outside of crypto with their product. Their valuation and size of their public sale speaks to a grounded team who believes in what they are doing. Oh! Finance’s consistent double-digit yields on single-sided staking, no required KYC, insured and non-custodial offering will be very attractive to users both in and out of crypto.
About Avalaunch
Avalaunch is a launchpad powered by the Avalanche platform, allowing new and innovative projects to seamlessly prepare for launch with an emphasis on fair and broad distribution. With its values deeply rooted in the early Avalanche community, we are able to offer projects confident, informed users who are aligned with the long-term goals of the rapidly expanding application ecosystem.
Leveraging Avalanche’s scalable, high-throughput, and low-latency platform, Avalaunch is built by users, for teams, to help grow strong communities.
