One of the critical components in crypto currency systems is governance when looking at sustainable development in the space. As decentralized finance grows, on-chain governance has attracted a lot of attention, especially in crypto communities, which enhance the security of the network by enabling token holders to vote on proposals.
Orion Protocol On A Bigger Picture
We know Orion Protocol for its vision of building the decentralized gateway into the digital asset marketplace. As the upgrade from layer 1 to layer 2 solution opens users to the pathway of accessing cross-chain liquidity in one place, Orion makes its terminal user-friendly in providing access to the best price in the market without the need to ever give up their assets.
Now, Main Net Staking🚀
Thinking of a deflationary staking model that will reward every hodlers of $ORN is what Mainnet staking proposed. They generate this reward from protocol fees, as Orion Protocol not to support minting new tokens for rewards.
Yes, Orion is working towards full Mainnet staking and with this Governance staking APR receives an increase in its APR and the team called it APRBOOST.
3 Fees Contributed To APRBOOST
USDT Terminal Fees
Unstaking Fees
0.1% Governance Pool Fees
The full details about the 3 fees Contributed to APRBOOST can be found Here
The community members keep demanding how to increase the value of $ORN, with this deflationary staking model coupled with the 3 fees Contributed to APRBOOST will reduce the total and circulating supply of $ORN.
Orion Protocol is a single point of accessing the crypto market making global accessibility possible.
You can learn more about Orion Protocol and its ecosystem.
Orion is making wave with solutions that brings reward to our ways, you don't need to make your $ORN idle. Thanks for sharing another usecase of ORN
Indeed #orionprotocol is doing tremendously great..
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