Orbit Bridge Asset Update & oUSDC Listing on WEMIX. Official WEMIX site announcement:.
07 Jul 2023, 14:35
Orbit Bridge Asset Update & oUSDC Listing on WEMIX.Fi
Official WEMIX site announcement:
Today, as previously announced, 4 assets supporting the WEMIX3.0 and Ethereum chain have been added to the Orbit Bridge and oUSDC - WEMIX$ pool has been added on WEMIX.Fi for the expansion of the ecosystem and the increase of interoperability.
Please be informed of the details below.
[New assets supported by Orbit Bridge]
• New Assets: oUSDC, oUSDT, oWBTC, oETH
• Supported Chains: WEMIX3.0 <> Ethereum
Orbit Bridge Official Website
To prevent any confusion that may occur within the community the Multichain Bridge assets will be shown as mTOKEN, and Orbit Bridge assets as oTOKEN.
[Listing of oUSDC on WEMIX.Fi]
• oUSDC, soon to be listed on WEMIX.Fi, will be paired with WEMIX$, our stable coin, and the initial trading pair will be set at $800,000 in total.
• WEMIX$ needed for liquidity provision will be additionally issued setting 400,000 oUSDC as a collateral.
The according pool will be set as a MLP2(Master Liquidity Pool), and will be operated in parallel with the previous MLP1 activating DIOS, the WEMIX$ price stabilization protocol. Interests that occur from MLP2 will be provided as a reward to DIOS Staking, and details regarding this will be soon updated on the WEMIX$ page on WEMIX.Fi.
We kindly request the support and interest of the community members towards the WEMIX.Fi ecosystem. The WEMIX.Fi team will also spare no effort in expanding the mega ecosystem through the connection with various blockchain ecosystems.
Thank you.