Odysphere

This content is generated by RD AI and is for reference only

Odysphere is a DeFi protocol built on the Dymension ecosystem, centered around its native stablecoin OUSD. Users can deposit DYM as collateral and mint OUSD in an over-collateralized manner to obtain liquidity, maintaining a collateralization ratio above 135% to avoid liquidation. The protocol features a stability pool where participants can stake OUSD to absorb liquidated assets and earn rewards. An integrated instant swap function supports trading pairs such as DYM/OUSD, charging a 0.3% fee distributed to liquidity providers and the protocol. Its goal is to provide a stable medium of exchange and lending infrastructure for Dymension.